A company applies overhead at a rate of 155% of direct labor cost Actual overhead cost for the current period is $979,500, and direct Jabor cost is $590,000 Determine whether there is over- or underapplied overhead using the Taccount below Factory Overhead 979.500 590 000 Overhead applied factual overhead 389 500 Prepare the journal entry to close over or underapplied overhead to cost of goods sold View transaction View journal entry worksheet No Debit Credit Transaction A General Journal Cost of goods sold Underapplied Overhead Required information The following information applies to the questions displayed below) Brodrick Company expects to produce 20.200 units for the year ending December 31 A flexible budget for 20,200 units of production reflects sales of $484,800 variable costs of $60.600 and fixed costs of $144.000 if the company instead expects to produce and sell 27.300 units for the year, calculate the expected level of income from operations Flexible Budget at -Flexible Budget Variable Amount Total Fixed per Unit Cost 20.200 units 27.300 units 5 Sales Variable cost Contribution margin Food costs income from operations 24.00 3.00 21.00 S 5 5 144.000 ols 144.000 144,000 (144,000) 5 (144,000) $ O Required information The following information applies to the questions displayed Below) Brodrick Company expects to produce 20.200 units for the year ending December 31 A flexible budget for 20 200 units of production reflects sales of $484 800: variable costs of $60,600, and fixed costs of $144,000 Assume that actual sales for the year are $608,200 (27300 units), actual variable costs for the year are $113,000, and actual fixed costs for the year are $135,000 Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable Unfavorable $ Sales Variable expenses Contribution margin Foxed expenses income from operations 608 200 (113,000) 495,200 0 $ 05 495,200