CCC Company uses job-order costing.The following is a summary of factory operations:
Factory overhead costs are applied at 70% of direct labor costs.
Required:
A)Prepare the required journal entries for the above transactions.
B)Prepare the journal entry to dispose of the overhead variance using the immediate write-off method.

Question

CCC Company uses job-order costing.The following is a summary of factory operations:
  Factory overhead costs are applied at 70% of direct labor costs.
Required: 
A)Prepare the required journal entries for the above transactions. 
B)Prepare the journal entry to dispose of the overhead variance using the immediate write-off method.

Quizplus · Accepted Answer

The Answer of CCC Company uses job-order costing.The following is a summary of factory operations:
  Factory overhead costs are applied at 70% of direct labor costs.
Required: 
A)Prepare the required journal entries for the above transactions. 
B)Prepare the journal entry to dispose of the overhead variance using the immediate write-off method.

CCC Company Uses Job-Order Costing