Question
Alpha Company's actual manufacturing overhead for the year was $500,000 and for job ABC was $1,200. a. Was manufacturing overhead over or undersupplied to $2000
Alpha Company's actual manufacturing overhead for the year was $500,000 and for job ABC was $1,200.
a. Was manufacturing overhead over or undersupplied to $2000 ? By how much?
b. Was manufacturing overhead over or undersupplied to $ 1375 ? By how much?
c. What is the journal entry to zero out the manufacturing overhead account for question a above? Also show the related T accounts. Assume Job ABC was the only job for the year. Was manufacturing overhead over or under applied?
d. What is the journal entries to zero out the manufacturing overhead account for the year? Use the estimated manufacturing overhead is $440,000 and assume that the total estimated amount was applied to jobs during the year. Also show the related T accounts. Was manufacturing overhead under or over applied?
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Environmental Audits
Authors: Cliff VanGuilder
1st Edition
1938549600, 978-1938549601
