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1- Determine the predetermined overhead rate for year 2015. 2- Determine the total overhead cost applied to each of the six jobs during year 2015.
1-
Determine the predetermined overhead rate for year 2015. |
2-
Determine the total overhead cost applied to each of the six jobs during year 2015. |
3-
Determine the over- or underapplied overhead at year-end 2015. |
4-
Assuming that any over- or underapplied overhead is not material, prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold at the end of year 2015. |
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