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grmation to answer questions 16 and 17: Bullz Company manufactures customized year books. The company uses a jo system and manufacturing overhead is applied to
grmation to answer questions 16 and 17: Bullz Company manufactures customized year books. The company uses a jo system and manufacturing overhead is applied to jobs at S2 per direct labor direct labor hours for the year 2017 were 510,000 hours. During 2017, actua were 500,000 hours. Actual overhead incurred was $1,200,000. hours. The estimated Ending balances in the following accounts are: Work-in-Process Finished Goods Cost of Goods Sold S 100,000 750,000 4,150,000 e company prorates the write-off of under- or over- applied overhead to work- finished goods and cost of goods sold using ending account ba lances 6. The closing entry to close manufacturing overhead control and manufacturing overhead applied accounts is: A) Manufacturing overhead applied 1,000,000 200,000 Underapplied overhead 1,200,000 1,200,000 200.000 1,000,000 1,020,000 Manufacturing overhead contro B) facturing Overhead Control Overapplied overhead anufacturing overhead applied 1,200,000 anufacturing overhead control Manufacturing overhead applied Underapplied overhead 180,000 1,020,000 180,000 Manufacturing overhead applied Underapplied overhead 1.200,000 Manufacturing overhead con The amount of the over-/underapplied overhead to be allocated to cost of goods sold is: A) $30,000 B) $149,400 $166,000 D) 200,000 Lleo the follouwing information to answer questions 18, 19 and 20
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