If the Predetermined Overhead Allocation Rate Is 350% of Direct $\begin{array}{llr} \text {Goods in Process Inventory, Painting Dept } &70,000\\ \text { Factory Overhead} &&70,000\\\end{array}$

question 181

True/False

If the predetermined overhead allocation rate is 350% of direct labor cost and the Painting Department's direct labor cost for the reporting period is $20,000,the following entry would record the allocation of overhead to the products processed in this department:
$\begin{array}{llr} \text {Goods in Process Inventory, Painting Dept } &70,000\\ \text { Factory Overhead} &&70,000\\\end{array}$

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