Ask Question
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?

+3
Answers (1)
  1. 7 March, 22:27
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Quilting Company assigns overhead on the basis of machine hours. Cutting Department machine hours $4,800 Stitching Department machine hours ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers