Ivade,IncUses a Predetermined Overhead Allocation Rate of $75 Per Direct

question 40

Essay

Ivade,Inc.uses a predetermined overhead allocation rate of $75 per direct labor hour.In January,Ivade completed Job B23,which utilized 20 direct labor hours.Provide the journal entry to allocate overhead to the job.Omit explanation.

---

Definitions:

Marketing Mix

A combination of factors that can be controlled by a company to influence consumers to purchase its products, typically identified as product, price, place, and promotion.

Corporate Social Responsibility

An approach to business that involves incorporating considerations of the environment and social issues into operational processes and stakeholder interactions.

Environmentalism

The concern for and action towards protecting the environment against pollution and exploitation, aiming at promoting sustainability.

Stakeholders

Stakeholders are individuals, groups, or organizations that have an interest, concern, or stake in a project, decision, or outcome, and whose inputs can affect or be affected by that project.