Multiple Choice
Gia Machine Shop uses a predetermined overhead allocation rate of $63.20 per direct labor hour. In January, Gia completed Job A23 which utilized 15 direct labor hours. Which of the following correctly describes the journal entry to allocate overhead to the job?
A) Debit Finished Goods Inventory $948, credit Manufacturing Overhead $948
B) Debit Manufacturing Overhead $63.20, credit Work-in-Process Inventory $63.20
C) Debit Work-in-Process Inventory $948, credit Manufacturing Overhead $948
D) Debit Cost of Goods Sold $63.20, credit Finished Goods Inventory $63.20
Correct Answer:
Verified
Correct Answer:
Verified
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