The following account appears in the ledger after only part of the postings have been completed for July,the first month of the current fiscal year:

Factory overhead is applied to jobs at the rate of 60% of direct labor cost.The actual factory overhead incurred for July was $75,000.Jobs completed during the month totaled $301,200.

Question

The following account appears in the ledger after only part of the postings have been completed for July,the first month of the current fiscal year:
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  Factory overhead is applied to jobs at the rate of 60% of direct labor cost.The actual factory overhead incurred for July was $75,000.Jobs completed during the month totaled $301,200.

Quizplus · Accepted Answer

The Answer of The following account appears in the ledger after only part of the postings have been completed for July,the first month of the current fiscal year:
​
  Factory overhead is applied to jobs at the rate of 60% of direct labor cost.The actual factory overhead incurred for July was $75,000.Jobs completed during the month totaled $301,200.

The Following Account Appears in the Ledger After Only Part