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answer asap, will leave thumbs up Wilco Inc. uses a job-order costing system that allocated MOH based on Machine Hours. Data for the most recent
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Wilco Inc. uses a job-order costing system that allocated MOH based on Machine Hours. Data for the most recent month of operations are presented below. Determine whether Wilco's MOH is over-allocated or under-allocated for the month. Some other answer Under by $8,000 Over by $1,000 Over by $8,000 Over by $9,800 If Wilco's MOH for the month is $5,000 under-allocated, which of the following would be true about the journal entry to adjust for the under-allocation? COGs would be debited for $5,000 COGS would be credited for $5,000 MOH would be debited for $5,000 WIP would be debited for $5,000 None of the answers are correct Wilco Inc. uses a job-order costing system that allocates MOH on the basis of machine hours. For the most recent period Wilco budgeted MOH to be $2,145,000. Actual MOH was $2,000,000. Wilco also budgeted to use 110,000 machine hours and actually used a total of 100,000 machine hours. If Job 3331 used 500 machine hours and incurred $12,000 of Direct Materials and $13,000 of Direct Labor, what is the total manufacturing cost for Job 3331 ? $35,725 Some other answer $25,000 $35,000 $10,000 Step by Step Solution
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