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Price Company assigns overhead based on machine hours. The Milling Department logs 1,800 machine hours and Cutting Department shows 3,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a:___________
a. debit to Manufacturing Overhead for $24,000.
b. credit to Work in ProcessCutting Department for $15,000.
c. debit to Work in Process for $15,000.
d. credit to Manufacturing Overhead for $24,000.

Respuesta :

hyderali230

Answer:

d. credit to Manufacturing Overhead for $24,000.

Explanation:

Applied Manufacturing overhead = ( 1,800+3000) x $5 = $24,000

So, The journal entry to record this will be,

                                               Dr.          Cr.

Work in Process of            $24,000

Manufacturing Overhead                 $24,000

So, manufacturing overhead account is credited with the value of $24,000.

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