Which one of the following journal entries in a standard cost system would be used to apply factory overhead costs to production?
A)A debit to the factory overhead account,at standard cost.
B)A credit to the factory overhead account,at standard cost.
C)A debit to WIP inventory,at actual cost.
D)A credit to Finished Goods Inventory,at standard cost.

Question

Quizplus · Accepted Answer

In a standard cost system, factory overhead is applied to production by crediting the factory overhead account at standard cost, which reflects the predetermined overhead rate applied to the actual level of activity.

Which One of the Following Journal Entries in a Standard