ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges...
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information:
| Total materials (direct and indirect) purchased | $ | 91,000 |
| Indirect materials issued to production | 10,500 |
| Total materials issued to production | 133,000 |
Beginning materials inventory 52,500
The debit to the Factory Overhead Account is:
A. $10,500
B. $91,000
C. $122,500
D. $133,000
E. $52,500
Homework Answers
Correct answer----------A. $10,500.
The amount to be debited to Manufacturing overhead will be indirect material issued.
Direct material will be debited to Work in process account.
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ABC Company uses a Materials Inventory account to record both
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ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges...
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ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges...
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ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account....
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