Answer:
c. credit to Manufacturing Overhead of $92,000
Explanation:
Applied Manufacturing overhead was $92,000
So, The journal entry to record this will be,
Dr. Cr.
Work in Process of $92,000
Manufacturing Overhead $92,000
So, manufacturing overhead account is credited with the value of $92,000.
Answer:
c. credit to Manufacturing Overhead of $92,000
Explanation:
a. debit to Manufacturing Overhead of $92,000
This entry is incorrect as overheads are expense and must be record as credit in journal entries.
b. debit to Work in Process of $90,000
The question requires journal entry to Work in Process which was $92,000. Therefore, the amount applied here is incorrect.
c. credit to Manufacturing Overhead of $92,000
This entry is correct as overheads are expense and must be record as credit in journal entries, as mentioned by crediting Manufacture Overheads.
d. credit to Work in Process of $90,000
The question requires journal entry to Work in Process which was $92,000. Therefore, the amount applied here is incorrect.
Hence, the entry mentioned in c. both in terms of application and amount is correct.
