LO 4.7In a job order cost system, utility expense incurred is debited to which account?

work in process inventory

finished goods inventory

manufacturing overhead

cost of goods sold

Question

Business

Yesenia Dixon

28 November, 01:10

LO 4.7In a job order cost system, utility expense incurred is debited to which account?

work in process inventory

finished goods inventory

manufacturing overhead

cost of goods sold

+4

Answers (1)

Know the Answer?

Waylon Gonzalez · Answer 1

manufacturing overhead

Explanation:

To record the utility expense in a job order cost system, the manufacturing overhead account is debited as it has come under the manufacturing overhead cost like indirect material, indirect labor, rent on the factory, insurance of factory, etc

So, only the manufacturing overhead account is debited as the utility expense is incurred

LO 4.7In a job order cost system, utility expense incurred is debited to which account?work in process inventoryfinished goods inventorymanufacturing overheadcost of goods sold

LO 4.7In a job order cost system, utility expense incurred is debited to which account?

work in process inventory

finished goods inventory

manufacturing overhead

cost of goods sold