If the predetermined overhead allocation rate is 250% of direct labor cost and the Finishing Department's direct labor cost for the reporting period is $20,000, the following entry would record the allocation of overhead to the products processed in this department: Work in Process Inventory, Finishing Dept 50,000 Factory Overhead 50,000
a) True
b) False

a) True

Explanation:

The following entry would be recorded to allocate the overhead to the products processed

Date          Account&Explanation                             Debit        Credit

          Work in progress, Finishing department     $50,000

          ($20,000 * 250%)

          Factory Overhead                                                          $50,000

          (To allocate the overhead)

Explanation: Work in process account would be debited to accumulate the manufacturing overhead to the cost of the product

And, factory overhead would be credited to charge such expenses to the product

Conclusion: The given journal entry is correct.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: