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ABC Corporation incurred $86,000 of actual Manufacturing Overhead costs
ABC Corporation incurred $86,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $81,000. The journal entry to record the of the applied Manufacturing Overhead to Work in Process would include a: A credit to Work in Process of $86,000 B debit to Manufacturing Overhead of $81,000 credit to Manufacturing Overhead of $81,000 D) debit to Work in Process of $86,000
Expert Solution
The correct answer is
Credit to Manufacturing Overhead of $81,000
Explanation: The journal entry to reflect the applied Manufacturing Overhead to Work in Process would be Debit Work in Process $81,000 and Credit to Manufacturing Overhead of $81,000
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