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Cost Accounting Please solve Orange Corporation has an expected monthly practical capacity of 9,000 units, which the company uses to determine overhead application rates. Overhead

Cost Accounting Please solve image text in transcribed
Orange Corporation has an expected monthly practical capacity of 9,000 units, which the company uses to determine overhead application rates. Overhead is applied on the basis of direct labor hours. Due to a flood at the manufacturing facility, only 5,700 units were produced during the month and 6.000 direct labor hours were used. Actual variable overhead for the period was $48,165 and actual indirect fixed manufacturing costs totaled $140.220. The following standard cost information is available: Direct materials Direct labor (1 hour) Variable overhead Fixed overhead Total $ 9.00 15.00 8.00 16.00 3 48.00 22. Budgeted fixed overhead for the period is: 23. Assuming the amounts are immaterial, the joumal entry to close the variable overhead variances to Cost of Goods Sold would be 24. The journal entry to apply fixed overhead to production for the period would be: 25. In a 2-Way overhead analysis the uncontrollable portion of overhead variance is OUT - WE DIDN'T REALLY COVER 26. Overhead was mis-applied by how much for the period? (indicate over- or under-applied)

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