#10

Support Applied vs. Actual Manufacturing Overhead Davis Manufacturing Corporation applies manufacturing overhead on the basis of 140% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $315,000 and that at year-end Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold included $40,000, $20,000, and $140,000, respectively, of direct labor incurred during the current year. a. Determine the under applied manufacturing overhead at year-end (assume it is significant). Applied Manufacturing Overhead Work in process $ Finished goods Cost of goods sold Total: 0 0 0 $ 0 Under-applied manufacturing overhead $ 0 b. Prepare a journal entry to record the disposition of the underapplied manufacturing overhead. General Journal Description Debit Credit 0 0 0 0 . 0 0 0 0 Check Davis Manufacturing Corporation applies manufacturing overhead labor cost. An analysis of the related accounts and job order costs year total manufacturing overhead incurred was $315,000 and tha Inventory, Finished Goods Inventory, and Cost of Goods Sold inclus $140,000, respectively, of direct labor incurred during the current y a. Determine the under applied manufacturing overhead at year-e Applied Manufacturing Overhead Manufacturing overhead Wages expense 0 Wages payable osition of the underap Work in process inventory Desd cron Debit Credit 0 0 > 0 0 0 0 0 . 0 Check Previous Save Answers uring Overhead Davis Manufacturing Corporation applies manufacturing overheado labor cost. An analysis of the related accounts and job order cost she year total manufacturing overhead incurred was $315,000 and that a Inventory, Finished Goods Inventory, and Cost of Goods Sold include $140,000, respectively, of direct labor incurred during the current ye. a. Determine the under applied manufacturing overhead at year-end Applied Manufacturing Overhead Work in process Finished goods inventory Manufacturing overhead 0 Wages expense osition of the underapp Wages payable Credit U 0 . 0 0 a 0 0 . 0 0 Check 0 Check Previous Save Answers labor cost. An analysis of the related accounts and job order costs year total manufacturing overhead incurred was $315,000 and tha Inventory, Finished Goods Inventory, and Cost of Goods Sold inclu $140,000, respectively, of direct labor incurred during the current a. Determine the under applied manufacturing overhead at year-e Applied Manufacturing Overhead Work in process Finished goods Cost of goods sold 0 Cost of goods sold 0 Finished goods inventory osition of the undera Manufacturing overhead Credit 0 Work in process inventory 0 U 0 0 0 Check Previous Save Answers