S Journal Entries Lo3 4 Harwood Company Uses A Job Order Costing Systems That Applies Overhead Cost To Jobs On The Bas 1 (32.03 KiB) Viewed 45 times
S Journal Entries Lo3 4 Harwood Company Uses A Job Order Costing Systems That Applies Overhead Cost To Jobs On The Bas 2 (41.33 KiB) Viewed 45 times
S Journal Entries Lo3 4 Harwood Company Uses A Job Order Costing Systems That Applies Overhead Cost To Jobs On The Bas 3 (48.19 KiB) Viewed 45 times
s, Journal entries LO3-4] Harwood Company uses a job-order costing systems that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.30 per machine-hour was based on a cost formula that estimates $213.900 of total manufacturing overhead for an estimated activity level of 93.000 machine hours bod Required: Assume that during the year the company works only 88,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts 2A Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. B 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs before. P Reg 1 24 2 Compute the amount of everhaad cut that would be applied to Work in Process for the year and make the entry in your accounts Wus in Procee D Clad THER Cra 34,000 Det materia) Manc Ondrect materia ndraker 40.000 103.000 $300 Deest labor) Overa 4000 40000 c) 8301 Depreca 45.000 12 pom D 14 26 >
9 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Red 1 Req 24 Reg 28 Compute the amount of anderapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. anufacturing overhead < Reg 1 Roq 28 >
Pok 9 www.mycaCCIONIST Journal entry worksheet Record the entry to close the balance of the manufacturing overhead account to COGS account. Rate Ester det before rets Evant General Journal Debit Credit Clar entry View general journal FREY Record entry Req 2A
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