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can someone help me with this??? its mangerial accounting btw ALL ONE QUESTION these are the option for required 1 Accounts receivable Average raw materials

can someone help me with this??? its mangerial accounting btw
ALL ONE QUESTION

image text in transcribed
image text in transcribed
these are the option for required 1

Accounts receivable Average raw materials inventory Cost of goods sold Estimated direct labor costs Estimated overhead costs Net sales Raw materials used

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these are the option for required 2
Actual overhead
Applied overhead
Direct labor cost
Estimated overhead
Overapplied overhead
Underapplied overhead
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these are the option for required 3

Accounts payable Accounts receivable Accumulated depreciationBuilding Accumulated depreciationFactory building Accumulated depreciationFactory equipment Building Cash Common stock Cost of goods manufactured Cost of goods sold Depreciation expenseBuilding Depreciation expenseFactory building Depreciation expenseFactory equipment Direct labor used Direct materials used Factory building Factory equipment Factory overhead Factory utilities Factory wages payable Finished goods inventory General and administrative expenses Income summary Indirect labor Insurance expense Interest expense Interest revenue Land Merchandise inventory Notes payable Overapplied overhead Paid-in capital in excess of par value, Common stock Prepaid insurance Prepaid rent Property taxesFactory Raw materials inventory Raw materials purchased Rent expense Rent payable Rent receivable RepairsFactory equipment Retained earnings Sales Sales discounts Sales returns and allowances Selling expenses Supplies Supplies expenses Underapplied overhead Utilities expense Utilities payable Wages expense Work in process inventory

Exercise 15-27 (Algo) Computing applied overhead and closing over- or underapplied overhead LO P4 At the beginning of the year, Mirmax set its predetermined overhead rate for movies produced during the year by using the following estimates: overhead costs, $2,150,000, and direct labor costs, $430,000. At year-end, the company's actual overhead costs for the year are $2,139,500 and actual direct labor costs for the year are $430,000. 1. Determine the predetermined overhead rate using estimated direct labor costs. 2. Enter the actual overhead costs incurred and the amount of overhead cost applied to movies during the year using the predetermined overhead rate. Determine whether overhead is over- or underapplied (and the amount) for the year. 3. Prepare the entry to close any over-or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Determine the predetermined overhead rate using estimated direct labor costs. Complete this question by entering your answers in the tabs below. Enter the actual overhead costs incurred and the amount of overhead cost applied to movies during the year using the predetermined overhead rate. Determine whether overhead is over- or underapplied (and the amount) for the year. Journal entry worksheet Record entry to close underapplied /overapplied overhead. Note: Enter debits before credits

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