Cyclone Company Had the Following Information The Journal Entry to Apply Overhead to a Job Incurring

question 111

Multiple Choice

Cyclone Company had the following information: $$\begin{array} { l l } \text { Budgeted factory overhead } & \$ 85,000 \\\text { Actual factory overhead } & \$ 105,000 \\\text { Budgeted: Direct- labor costs } & \$ 100,000 \\\text { Actual: Direct- labor costs } & \$ 105,000\end{array}$$ The journal entry to apply overhead to a job incurring $15,000 of direct- labor cost includes a:

• A) credit to factory Overhead Control for $15,000
• B) debit to Factory Overhead Control for $12,750
• C) credit to WIP Inventory for $15,000
• D) debit to WIP Inventory for $12,750

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