Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturing Overhead applied to Work in Process was $92,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
A) debit to Manufacturing Overhead of $92,000
B) debit to Work in Process of $90,000
C) credit to Manufacturing Overhead of $92,000
D) credit to Work in Process of $90,000

Question

Quizplus · Accepted Answer

The journal entry to apply manufacturing overhead to Work in Process involves debiting Work in Process and crediting Manufacturing Overhead for the applied amount, which is $92,000 in this scenario.

Piekos Corporation Incurred $90,000 of Actual Manufacturing Overhead Costs During