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What is the journal entry for the application of Factory Overhead to Work in Process if the driver is imprints, the rate is $1. 80 per imprint, and the imprint meter reads 1,780 at the start of the day and 2,890 at the end of the day?

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eooyibo123

Answer:

Work in Process1,998

Factory Overhead1,998

Explanation:

The imprints that were performed for the day is the ending imprint less the starting imprint

Days work= 2,890- 1,780

Days work= 1,110

The rate is $1.80 per imprint.

So for the days work total cost is (1,110* 1.80)= $1,998

When applying factory overhead there is increase in work in progress and a decrease in factory overhead

So the journal entry is

Work in Process $1,998

Factory Overhead $1,998

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