Refer to the information presented in E10-8 for Easy Roller. Required: Prepare the journal entry to record

Question:

Refer to the information presented in E10-8 for Easy Roller.

Required:

Prepare the journal entry to record Easy Roller’s fixed manufacturing overhead transactions assuming that overhead is applied using a fixed overhead rate based on budget production.

Data from E10-8

Easy Roller, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:

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Easy Roller had the following actual results for the past year.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 15, 2024 08:02 AM

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Refer to the information presented in E10-8 for Easy Roller. Required: Prepare the journal entry to record

Question:

Direct costs Plastic Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($360,000/900,000 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 12 sq ft. $ 0.75 per sq. ft. $9.00 .25 hr. 12.00 per hr. 3.00 1.20 per direct labor hour 0.30 0.40

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Managerial Accounting

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