The following costs were recorded by Grant Co. for the month of January:
Overhead is allocated based on a predetermined rate of $5 per direct labor hour.
What is the balance in the Manufacturing Overhead account at the end of January (assume that Grant Co. reports their financial results on a calendar year basis).

Question

The following costs were recorded by Grant Co. for the month of January:
  Overhead is allocated based on a predetermined rate of $5 per direct labor hour.
What is the balance in the Manufacturing Overhead account at the end of January (assume that Grant Co. reports their financial results on a calendar year basis).

Quizplus · Accepted Answer

The Answer of The following costs were recorded by Grant Co. for the month of January:
  Overhead is allocated based on a predetermined rate of $5 per direct labor hour.
What is the balance in the Manufacturing Overhead account at the end of January (assume that Grant Co. reports their financial results on a calendar year basis).

The Following Costs Were Recorded by Grant Co