Defined bill of material
Defined overhead expenses
Calculated total cost per unit say 300 (total component cost (200)+ total overhead expense (100)
Once manufacturing process done, system generates a stock journal entry.
Debited to 13600 Inventory ( Current Asset) - 300.00
Credited to 15210 Production ( Current Asset) - 300.00
Now I need to create a journal entry for overhead expense
I created one account `Overhead Expense (Expense)
But i don't know the amount should be debited or credited to the expense account.
Any advise.. Thanks.
I am using `Average cost method and Perpetual evaluation`.
If above steps are wrong, correct me.
