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I need Help with the Journal entry worksheet for this question. Kwik Products uses a predetermined overhead application rate of $18 per labor hour. A

I need Help with the Journal entry worksheet for this question.

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Kwik Products uses a predetermined overhead application rate of $18 per labor hour. A review of the company's accounting records revealed budgeted manufacturing overhead for the period of $675,000, applied manufacturing overhead of $617,400, and overapplied overhead of $12,400. Required: A. Determine Kwik's actual labor hours. budgeted labor hours, and actual manufacturing overhead. B. Present the necessary yearend journal entry to handle the overapplied overhead, assuming that the firm allocates over or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Present the necessary year-end journal entry to handle the overapplied overhead, assuming that the firm allocates over or underapplied overhead to Cost of Goods Sold. {If no entry is required for a transaction/event, select "No journal entry required" in the rst account field.) View transaction list Journal entry worksheet Record the year-end journal entry to adjust overapplied overhead to cost of goods sold. Journal entry worksheet Record the yearend journal entry to adjust overapplied overhead to cost of goods sold. Note: Enter debits before credits. View general journal

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