Quilting Company assigns overhead on the basis of machine hours. Cutting Department machine hours $4,800 Stitching Department machine hours $8,000 Overhead Rate $10 per machine hour What is the entry for overhead?

Question

Chico

Business

7 March, 22:04

Quilting Company assigns overhead on the basis of machine hours. Cutting Department machine hours $4,800 Stitching Department machine hours $8,000 Overhead Rate $10 per machine hour What is the entry for overhead?

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Jaden House · Answer 1

Cutting Department machine hours $4,800

Stitching Department machine hours $8,000

Overhead Rate $10 per machine hour

Cutting Department Factory Overhead 4800*10 = $ 48000

Stitching Department Factory Overhead$ 80,000

The entry for overhead will be

Dr. Factory Overhead Cutting Department $ 48000

Dr. Factory Overhead Stitching Department $ 80,000

Cr. Work In Process $ 128,000