How much will grandlin gears record as a debit to


During the month of August, Grandlin Gears applied overhead to jobs using an overhead rate of $0.75 per dollar of direct labor. Direct labor in August was $156,000. Estimated overhead in August was $115,600. Actual overhead was composed of the following items:

Indirect Materials $16,400
Indirect Materials 22,000
Utilities 24,500
Depreciation 38,700
Repair Expense 13,500
Total Expense 115,100

How much will Grandlin Gears record as a debit to Manufacturing Overhead during the year?

Solution Preview :

Prepared by a verified Expert
Managerial Accounting: How much will grandlin gears record as a debit to
Reference No:- TGS02500731

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)