If direct labor for the month is $100,000,and overhead is applied based on 75% of direct labor dollars,what is the entry to apply overhead?
A) Debit Work-in-Process Inventory $75,000;credit Payroll Payable $75,000
B) Debit Overhead-Applied $75,000;credit Work-in-Process Inventory $75,000
C) Debit Work-in-Process Inventory $75,000;credit Manufacturing Overhead-Applied $75,000
D) Debit Work-in-Process Inventory $100,000;credit Manufacturing Overhead-Applied $100,000
Correct Answer:
Verified
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