Learn Smart Chapter 2 - A company has a predetermined...

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A company has a predetermined overhead rate of $14 per machine hour. . . . .
Match the following activities to their affect on the general ledger accounts. A. Allocate overhead costs to job credit factory overhead B. Pay factory utilities debit factory overhead C. Purchase indirect materials debit raw materials inventory D. Use indirect materials credit raw materials inventory E. Incur direct labor credit factory payroll F. Pay wages debit factory payroll List the following documents in the order in which they are used when recording direct materials costs in job order cost accounting, with the first document on top. 1. Receiving reports 2. Materials ledger cards 3. Materials requisitions 4. Job cost sheets A company incurs factory overhead costs of $1200 and applied $1500. If the difference is considered immaterial, then the:
The journal entry to record direct labor in production is to:
List the following documents in the order in which they are used when recording indirect labors costs in job order cost accounting, with the first document on top.
1. Clock cards 2. Factory payroll account 3. Time tickets 4. Factory overhead ledger The predetermined overhead rate is based on total ____ overhead costs and activity base Estimated

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