A manufacturing applies

A manufacturing applies - Work in Process Inventory...

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A manufacturing applies manufacturing overhead to work in process when it assigns direct labor costs. It also applies manufacturing overhead to specific jobs at the same time. For January, Wallace applied overhead of $22,400 (direct labor cost of $28,000 × 80%). The following entry records this application.
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Unformatted text preview: Work in Process Inventory Manufacturing Overhead (To assign overhead to jobs) The overhead that Wallace applies to each job will be 80% of the direct labor cost of the job for the month....
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This note was uploaded on 12/25/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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