On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred:
Factory Manager Salary $7,000
Factory Utilities 3,500
Machinery Deprecation 10,000
Machinery Repairs 2,500
Factory Insurance (prepaid) 1,500
The overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $23,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,500 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entry to record the factory overhead costs. (round any final dollar answers to the nearest whole dollar) :
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred: Factory Manager Salary $7,000 Factory ...” 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
You Might be Interested in
A quality improvement team is best described as a: A. Group of employees coming together for a specific, unplanned purpose B. Group of selected employees that must be prepared to convene quickly in response to an emergency C.
Answers (1)
What are the 2 types of recruiting and how do companies use job analysis in recruiting?
Answers (1)
A machine can be purchased for $250,000 and used for five years, yielding the following net incomes. In projecting net incomes, straight-line depreciation is applied, using a five-year life and a zero salvage value.
Answers (1)
A cotton swab manufacturer looked at its abysmal sales figures and conducted an organizational situation analysis. Next, it decided on its marketing goals and began creating its marketing plan. What is a next step for it?
Answers (2)
Kathy just congratulated Tom for completing his work before the required time. Which trait or skill is depicted through Kathy's gesture? she is optimistic she is persuasive she is praise giving she is a visionary
Answers (1)
New Questions in Business
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,100, promising to pay cash for it in 60 days.
Answers (1)
Antonio derives more utility from spending an additional dollar on boots than on gloves. We can assume that: a. the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves. b.
Answers (1)
Which profession is most likely to be concerned with the effect of supervisors management styles?
Answers (1)
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)