The journal entry to record the application of factory overhead would include a credit to:
A)Work-in-Process Inventory.
B)Accrued Payroll.
C)Factory Overhead.
D)Materials Inventory.
E)Finished Goods Inventory.

Question

Quizplus · Accepted Answer

The application of factory overhead is recorded by crediting the Factory Overhead account to allocate the overhead costs to Work-in-Process Inventory.

The Journal Entry to Record the Application of Factory Overhead