Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Can i please get help with the following... XYZ company applies manufacturing overhead to jobs on the basis of machine hours used. Overhesd costs are

Can i please get help with the following...

XYZ company applies manufacturing overhead to jobs on the basis of machine hours used. Overhesd costs are expected to total $425k for the yet. And machine usage is estimated at 125k hrs. For the year $450k of overhead costs incurred and 130k hours used.

Compute the manufacturing overhead rate for the year (answer by rounding 2 decimal places, ex 00.00)

Overhead rate $_____ per machine hr.

Amount of under-or- overapplied overhead at Dec 31?

Overhead $________, &(under/overapplied)

Assuming the under -overapplied rate for the yr is not allocated to inventory accts, the adjusted entry to assign COGS... Journal entry would like....

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Probability And Statistics For Engineering And The Sciences

Authors: Jay L. Devore

9th Edition

9781305251809

Students also viewed these Accounting questions