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←49 * ectomheducation.com/ext/map/index.html_conecon&extemat browser=0&launchUr-https Chapters 15-16 Homework 19 bort 7 At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the following estimates: overhead costs $170,000, and direct materials costs, $100,000.At year-end, the company reports that actual overhead costs for the year are $179,200 and actual direct materials costs for the year are $100.000 Book ✪ P Seat Required 1 Required 2 Required 3 Determine the predetermined overhead rate using estimated direct materials costs Overhada Numerator Estimated overhead costs 1. Determine the predetermined overhead rate using estimated direct materials costs 2. Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the year using the predetermined overhead rate. Determine whether overhead is over or underapplied (and the amount) for the year 3. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. 170,000 Detonat Estimated direct matc $ 252F%252Fnewconnect.mheducation.com252001 100.000 Overhead Rate Overhead Required 2 > Help Check my w
Chapters 15-16 Homework 1.9 7 At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the following estimates: overhead costs, $170,000, and direct materials costs, $100,000.At year-end, the company reports that actual overhead costs for the year are $179,200 and actual direct materials costs for the year are $100,000. Block 10 ie P Bencs Mc 1. Determine the predetermined overhead rate using estimated direct materials costs 2. Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the year using the predetermined overhead rate. Determine whether overhead is over or underapplied (and the amount for the year. 3. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the year using the predetermined overhead rate. Determine whether overhead is over or underapplied (and the amount) for the year Actualoveed Underapplied overhead Factory Overhead 179,200 Sever 179,200 Applied overhead Required 1 Pray Required 3 > 7 of 21 Help Next > Save & Exit Submit Check my work
Chapters 15-16 Homework 7 At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the following estimates: overhead costs, $170,000, and direct materials costs, $100,000 At year-end, the company reports that actual overhead costs for the year are $179,200 and actual direct materials costs for the year are $100.000. 19 points look O Hi 41 References 1. Determine the predetermined overhead rate using estimated direct materials costs 2. Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the year using the predetermined overhead rate, Determine whether overhead is over or underapplied (and the amount) for the year. 3. Prepare the entry to close any over-or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below. Seved Required 1 Required 2 Required 3 Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. View transaction t View journal entry worksheet No 1 Date December 31 Cost of goods sold Factory overhead General Journal Required 2 Debit Cre Help Ⓡ Save & Exit Subit Check my work