Question
Company A had total applied manufacturing overhead for the year of $400,000. The actual manufacturing overhead at the end of the period was determined to
Company A had total applied manufacturing overhead for the year of $400,000. The actual manufacturing overhead at the end of the period was determined to be $450,000. The manufacturing overhead variance is deemed to be immaterial. The unadjusted cost of goods sold balance is $550,000. Using the information provided, please calculate the following:
A. Manufacturing overhead variance : __________________
B. Is the overhead variance over or underapplied? : __________________
C. Adjusted cost of goods sold balance ; __________________
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
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