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Brook Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs to incur the following: (Click the icon to view the
Brook Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs to incur the following: (Click the icon to view the costs.) Brook's accountant found an error in the expense records from the year reported. Depreciation on manufa been reported. The unadjusted Cost of Goods Sold balance at year-end was $610,000. The manufacturin Read the requirements Data table Manufacturing overhead costs $ 610,000 Direct labor cost Machine hours $ 1,500,000 76,250 Date Accounts Debit Credit Manufacturing Overhead 452,500 At the end of the year, the company had actually incurred the following: Direct labor cost $ 1,250,000 Accumulated Depreciation-Plant and Equipment 425,000 Depreciation on manufacturing plant and equipment $ 475,000 Wages Payable 9,500 Property taxes on plant $ 18.000 Property Tax Payable 18,000 Sales salaries $ 24,500 Date Journal Entry Accounts Requirement 2. Prepare the journal entry to record the manufacturing overhead allocated to jobs in prod Plant janitors' wages Machine hours Delivery drivers' wages $ 16,000 $ 9.500 57,000 hours Debit Credit Print Done
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