Can u explain in Excel form Company X applies MOH to jobs on the basis of machine hours used Machine usage is expected to total 306,200 hours for the year, and MOH costs are estimated at TL100,000 For the year, 320,000 machine hours are used and TL136,000 MOH costs are incurred Q 4) Determine the balance of MOH account at year end Use if the MOH account is overapplied (e g if the balance is TL100 overapplied, enter 100 If the balance is TL100 underapplied, enter 100 ) Q 5) Calculate the amount of COGS adjustment at year end Use if the COGS adjustment is credit (e g if the required adjustment is debiting COGS by 100 , enter 100 If if the required adjustment is crediting COGS by 100 , enter 100 )

Question

Can u explain in Excel form Company X applies MOH to jobs on the basis of machine hours used  Machine usage is expected to total 306,200 hours for the year, and MOH costs are estimated at TL100,000  For the year, 320,000 machine hours are used and TL136,000 MOH costs are incurred  Q 4) Determine the balance of MOH account at year end  Use   if the MOH account is overapplied  (e g  if the balance is TL100 overapplied, enter  100   If the balance is TL100 underapplied, enter 100 ) Q 5) Calculate the amount of COGS adjustment at year end  Use   if the COGS adjustment is credit  (e g  if the required adjustment is debiting COGS by 100 , enter 100   If if the required adjustment is crediting COGS by 100 , enter  100 )

Accepted Answer

The Answer is in the image, click to view ...

Question

Can u explain in Excel form Company X applies MOH to jobs on the basis of machine hours used. Machine usage is expected to total

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question