Question
Access Product Inc. Incurred the following actual overhead cost for the month of November Indirect materials $ 40000 Indirect Labor 36000 Rent 6000 Equipment Depreciations
Access Product Inc. Incurred the following actual overhead cost for the month of November
Indirect materials $ 40000
Indirect Labor 36000
Rent 6000
Equipment Depreciations 13000
Overhead is applied based on predetermined rate of $ 24 per machine hours, and 5100 machine hours were used during november.
Prepared journal entry record actual overhead cost for november. assume that labor costs will be paid next month and that rent was prepaid.
prepare journal entry to record manufacturing overhead applied to jobs during november.
Create T-account for manufacturing overhead, post appropiate information from parts A and B to this account, and calculate the ending balance .
Is manufacturing overhead overapplied or underapplied? using the balance in the balance overhead account calculated in part c, prepare the journal entry to close manufacturing overhead to cost of goods sold
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