Direct labor for the month is $50,000,and overhead is applied based on direct labor cost.Annual overhead is estimated to be $450,000,and annual direct labor is estimated to be $800,000.What is the entry to apply overhead to production?
A) Debit Work-in-Process Inventory $28,125;credit Payroll Payable $28,125
B) Debit Manufacturing Overhead-Applied $28,125;credit Work-in-Process Inventory $28,125
C) Debit Work-in-Process Inventory $28,125;credit Manufacturing Overhead-Applied $28,125
D) Debit Work-in-Process Inventory $50,000;credit Manufacturing Overhead-Applied $50,000
Correct Answer:
Verified
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