Multiple Choice
Martinez Manufacturing applies overhead based on direct labor hours. The company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. Martinez Manufacturing actually used 71,000 direct labor hours. The journal entry to record manufacturing overhead would include a:
A) Debit to Work in Process Inventory for $180,000.
B) Credit to Manufacturing Overhead Applied for $180,000.
C) Debit to Work in Process Inventory for $177,500.
D) Debit to Manufacturing Overhead Applied for $177,500.
Correct Answer:
Verified
Correct Answer:
Verified
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