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can you please help with journal entry? Antoine Machining estimated its manufacturing overhead to be $282,720 and its direct materials costs to be $456,000 in
can you please help with journal entry?
Antoine Machining estimated its manufacturing overhead to be $282,720 and its direct materials costs to be $456,000 in Year 1 . Three of the jobs that Antoine Machining worked on in Year 1 had actual direct materials costs of $15,900 for Job. AM002, $58,300 for Job AMOO5, and $74,200 for Job AM008. For Year 1, actual manufacturing overhead was $313,600 and total direct materials cost was $570,000. Monufacturing overhead is applied to jobs on the basis of direct materials costs using predetermined rates. Overhead applied in each of the inventory accounts is as follows: Required: Prepare an entry to allocate the under-or overapplied overhead. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field Step by Step Solution
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