Harwood Company uses a job order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.60 per machine-hour was based on a cost formula that estimates $257,400 of total manufacturing overhead for an estimated activity level of 99,000 machine-hours. Required: 1. Assume that during the year the company works only 94,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Regi RA Reg 28 Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your accounts Work in Process Maintenance) (Indirect materials) Manufacturing Overhead 40.000 9.900 79.000 46.000 Direct materials) (Direct labor) (Overhead) (a) 900.000 109.000 (Indirect labor) (Utilities) 1. Assume that during the year the company works only 94,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Reg1 Req2A Reg 28 Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts Work in Process (Direct materials) 900.000 (Maintenance) (Indirect materials) (Indirect labon) Manufacturing Overhead 40,000 9,900 79,000 46,000 (Direct labor) 109,000 (Overhead) (a) (Unities) (Insurance) 8.900 (Depreciation) 54.000 Balance Req 2A > 1. Assume that during the year the company works only 94,000 machine-hours and incurs the Towing COSS HURMAT I E Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts. 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 2B. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below Reg 1 Rey ZA Reg2B Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead account from Regt. manufacturing overhead 1. Assume that during the year the company works only 94,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead cost that would be applied to Work in Process for the year and make the entry in your T-accounts 2A. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account. 28. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req1 Req 2A Reg 28 Prepare a journal entry to close the company underapplied or overapplied overhead to Cost of Goods Sold. (Ir no entry is required for a transaction event, select "No journal entry required in the first account bield.) View transaction list Journal entry worksheet
