The following information relates to the manufacturingoperations of O\'Shaunessy

Question

The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost.
Prepare a general journal entries to summarize: e. Actual overhead costs for the month amount to $34,900( forsimplicity, you may credit Accounts Payable) f. Overhead is applied to jobs at a rate of $18 perdirect labor hour The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost.
Prepare a general journal entries to summarize: e. Actual overhead costs for the month amount to $34,900( forsimplicity, you may credit Accounts Payable) f. Overhead is applied to jobs at a rate of $18 perdirect labor hour

Explanation / Answer

(e) ManufacturingOverhead $34,900                                        Accounts Payable (or) Payroll $34,900 [To record the actual overhead cost for the currentmonth] (f) Work in ProcessInventory $36,000                                              Manufacturing Overhead $36,000 [To charge the Work in Process account withoverhead costs applied to jobs during the month ($18 per direct labor hour * 2,000direct labor hours = $36,000)] (e) ManufacturingOverhead $34,900                                        Accounts Payable (or) Payroll $34,900 [To record the actual overhead cost for the currentmonth] (f) Work in ProcessInventory $36,000                                              Manufacturing Overhead $36,000 [To charge the Work in Process account withoverhead costs applied to jobs during the month ($18 per direct labor hour * 2,000direct labor hours = $36,000)]

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