5 5 Prepare Journal Entries for a Process Costing System
Job 17 had 4,050machine-hours so overhead would be $8,100 (4,050 machine-hours x$2). The journal entry to apply or assign overhead to the jobswould be to move the cost FROM overhead TO work in processinventory. Examples includehome builders who design specific houses for each customer andaccumulate the costs separately for each job, and caterers whoaccumulate the …
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