Homework $($required$)$

stephanie Jendraszek

$07/12/243$:$47$ PM

Question $6,$ E$3-28$A $($similar to$)$

Part $2$ of $6$

HW Score: $55\mathrm{.}94\%,5\mathrm{.}03$ of $9$ points

Points: $0\mathrm{.}03$ of $1$

Alba Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following:

$($Click the icon to view the costs.$)$

Alba's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $$405,000,$ not the $$460,000$ that had originally been reported. The unadjusted Cost of Goods Sold balance at year$-$end was $$590,000.$ The manufacturing overhead allocated to jobs was $$436,000.$

Read the requirements.

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[,$Manufacturing Overhead,$433,500,],[,$Accumulated Depreciation$-$Plant and Equipment,,$405,000],[,$Property Tax Payable,,$18,500],[,$Wages Payable,,$10,000]]$

Requirement $2.$ Prepare the journal entry to record the manufacturing overhead allocated to jobs in prod journal entries.$)$

$\backslash$table$[[$Date$,$Jccounts,Journal Entry,$],[,,$Debit,Credit$],[,,,]]$

Data table

$\backslash$table$[[$Manufacturing overhead costs dotsdotsdots$$$,600,000,],[$Direct labor cost dotsdotsdotsdotsdotsdots,$dotsdots,$1,600,000$