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Accounting

Poobah Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 1,600 direct labor hours, the work in process account will be debited and factory overhead will be credited for:

a. $95,000

b. $0; WIP is credited

c. $1,600

d. $15,200

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M987308

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