During 2014, Cost Savers Production Used a Predetermined Overhead Rate

question 35

Short Answer

During 2014, Cost Savers Production used a predetermined overhead rate of $1.50 per machine hour in the Cutting Department. Actual overhead for the year was $65,000. If 1,700 machine hours were used during the year, what is the correct journal entry to record the application of overhead? $\begin{array}{ll}A.&\text {Manufacturing Overhead\_Cutting Dept. }&2,550\\&\text {Work in Frocess-Cutting Dept. }&&2,550\\B.&\text {Work in Frocess-Cutting Dept. }&2,550\\&\text { Manufacturing Overhead}&&2,550\\C.&\text {Cutting Dept. Expenses }&2,550\\&\text {Manufacturing Overhead-Cutting Dept. }&&2,550\\D.&\text { Finished Goods}&2,550\\&\text {Work in Frocess-Cutting Dept. }&&2,550\\\end{array}$

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Definitions:

Prefix

A word, letter, or number placed before another to alter its meaning.

-Asthenia

A suffix used in medical terms to denote a weakness or lack of strength in a certain part of the body.

-Ectomy

A suffix used in medical terms to denote the surgical removal of a specified part of the body.

Combining Form

In linguistics, especially in the formation of technical or medical terms, a form that combines with another form to create a new word, often linked by a vowel.