Answer Happy

3 At the beginning of the year, Custom Mfg established its predetermined overhead rote by using the following cost predictions: overhead costs, $560,000, and direct materials costs $200.000. At year-end, the company's records show that actual overhead costs for the year are $1.391,400, Actual direct materials cost had been assigned to jobs as follows Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory 1. Determine the predetermined overhead rato, 283. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over-or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Red 2 and 3 $160,000 25,000 Reg 4 Determine the predetermined overhead rate
3 2 12:10:44 Complete this question by entering your answers in the tabs below, Req 1 sung entry to allocate any over- or underapplied overhead to Cost of Goods Sold Reg 2 and 3 Choose Numerator Re4 Determine the predetermined overhead rate. r Overhead Bate Chonse Denominator Overhead Rate Overhead rate Req 2 and 3>
3 poitit 02:10:29 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of goods Sold. Complete this question by entering your answers in the tabs below. Reg 1 Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. Reg 2 and 3 Rita 4 Reg 1 Req 4 >
Chap 15 Homework 3 12.5 points 2 02:10:01 Journal entry worksheet 1 Record entry to allocate underapplied /overapplied overhead. Note: Enter debits before credits Dec 31 Record entry General Journal Clear entry Credit View general journal