Return to Blackboard Weygandt, Accounting Principles, 12e Help I System Announce

Question

Return to Blackboard Weygandt, Accounting Principles, 12e Help I System Announcements MultipleC unland Company assigns overhead based on machine hours. The Milling Department logs 2500 machine hours and Cutting hows 3990 machine hours for the period. If the overhead rate is $7 per machine hour, t he entry to assign overhead will show O credit to Manufacturing Overhead for $45430 O debit to Work in Process for $27930 O debit to Manufacturing Overhead for $45430. credit to Work in Process-Cutting Department for $27930 LINK TO TEXT Question Attempts: O of 1 used SAVE FOR LATER SUBMIT ANSW 8:15 PM

Explanation / Answer

Total manufacturing overhead assigned is = (Milling department machine hours * Overhead rate ) + (Cutting department machine hours * Overhead rate )

Total manufacturing overhead is = (2500*7)+(3990*7)

Total manufacturing overhead assigned is as follows = $ 45,430/.

Entry for recording the assignment of manufacturing overhead is :-

Work in progress Dr. 45,430

To manufacturing overhead 45,430

Out of the above options given answer is credit to manufacturing overhead for $ 45,430/.

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