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Armour, Inc., applies overhead to jobs on the basis of direct professional labor dollars. Overhead was estimated to be $150,000, direct professional labor hours were estimated to be 15,000, and direct professional labor cost was projected to be $225,000. During the year, Armour incurred actual overhead costs of $146,000, actual direct professional labor hours of 14,500, and actual direct labor cost of $222,000. Select the entry below that Armour would make as part of the company's overhead accounting (do not round intermediate calculations but do round your final answer to the nearest $1): A. Work In Process 146,000 Manufacturing Overhead 146,000 B. Cost of Goods Sold 4,000 Manufacturing Overhead 4,000 C. Work In Process 145,000 Manufacturing Overhead 145,000 D. None of the answer choices provided are correct. E. Manufacturing Overhead 150,000 Cost of Goods Sold 150,000 F. Manufacturing Overhead 2,000 Cost of Goods Sold 2,000
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Armour, Inc., applies overhead to jobs on the basis of direct professional labor dollars. Overhead w...
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