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and d. what is the journal entry to write off the under/over allocated OH to COGS? SHOW UR WORK AND CIRCLE THE ANSWERS THANK YOU
and d. what is the journal entry to write off the under/over allocated OH to COGS?
SHOW UR WORK AND CIRCLE THE ANSWERS THANK YOU
Pumpkin Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9 per direct labor-hour. The following data are obtained from the accounting records for June 2014: Direct materials $300,000 Direct labor (16,000 hours @ $11/hour) $ 44,000 Indirect labor $ 20,000 Plant facility rent $ 100,000 Depreciation on plant machinery and equipment $ 40,000 Sales commissions $ 30,000 Administrative expenses $ 40,000 Required: a. What actual amount of manufacturing overhead costs was incurred during June 2014? b. What amount of manufacturing overhead was allocated to all jobs during June 2014? C. For June 2014, was manufacturing overhead underallocated or overallocatedStep by Step Solution
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