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hung company uses a job costing system, and factoryoverhead is applied on the basis of machine hours. at the beggining of the year, management estimated

hung company uses a job costing system, and factoryoverhead is applied on the basis of machine hours.
at the beggining of the year, management estimated that the company would incur $1.050.000 of factory overhead costs and use 70.000 machine hours.
Hung Company recorded the following events during the month of March.
From the amount of overapplied or underapplied overhead (above) prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on march 31.
hung company uses a job costing system, and factoryoverhead is applied on the basis of machine hours.
at the beggining of the year, management estimated that the company would incur $1.050.000 of factory overhead costs and use 70.000 machine hours.
Hung Company recorded the following events during the month of March.
image text in transcribed
2 10 points From the amount of overapplied or underapplied overhead (above) prepare a journal entry to close over applied or undertone sold on March 31. 2 10 points From the amount of overapplied or underapplied overhead (above) prepare a journal entry to close over applied or undertone sold on March 31

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