The Marina Corp. has applied overhead to jobs during the period as follows: $\begin{array} { l c }
\text { Jobs finished and sold } & \$ 46,000 \
\text { Jobs started and in process } & 54,000 \
\text { Jobs finished and unsold } & 100,000
\end{array}$
The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account, and this amount is not material. The entry to dispose of this remaining factory overhead balance is:

Question

The Marina Corp. has applied overhead to jobs during the period as follows: $\begin{array} { l c } 
\text { Jobs finished and sold } & \$ 46,000 \
\text { Jobs started and in process } & 54,000 \
\text { Jobs finished and unsold } & 100,000
\end{array}$
The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account, and this amount is not material. The entry to dispose of this remaining factory overhead balance is:

Quizplus · Accepted Answer

The Answer of The Marina Corp. has applied overhead to jobs during the period as follows: $\begin{array} { l c } 
\text { Jobs finished and sold } & \$ 46,000 \
\text { Jobs started and in process } & 54,000 \
\text { Jobs finished and unsold } & 100,000
\end{array}$
The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account, and this amount is not material. The entry to dispose of this remaining factory overhead balance is:

The Marina Corp The Application of Overhead Has Resulted in a $5,600 Credit