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Hi can I please get help with this accounting problem? Sc:lcclesildiala for Antique Print, Carcas (collows Requirement 1. Compule the fedele tinext owerhead allocation ralen
Hi can I please get help with this accounting problem?
Sc:lcclesildiala for Antique Print, Carcas (collows Requirement 1. Compule the fedele tinext owerhead allocation ralen die later Caillat. Data table Estimated overhead cost + Estimated direct labor cost Fredetermined overhead allocation rate 125 101000 80800 $ 101.000 Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from joumal entries.) Date Accounts Debit Credit Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the your Actual direct labor cost for the year 80.800 115,000 Dec. 31 69,000 Print Done Requirement 3. Use a T-account to determine the amount of unders located or oversllocated manufacturing overhead. Start by posting the actual and allocated manufacturing overhead to the T-account. (Use the first available cell to post each amount. Do not inout the balance in the T-aco Manufacturing Overhead Manufacturing overhead is be Requirement 4. Prepare the journal entry to adjust for the underlocated or overallocated manufacturing overhead (Record debits first, then credits. Exclucle explanations from journal entries.) Date Accounts Debit Credit Dec 31Step by Step Solution
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