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It shows the answer is incomplete, please help me to complete this question. Tks At the beginning of the year, Infodeo established its predetermined overhead
It shows the answer is incomplete, please help me to complete this question. Tks At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions: overhead costs $2,080,000, and direct labor costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $2,339,700. Actual direct labor cost had been assigned to jobs as follows. Movies completed and released Movies still in production Total actual direct labor cost $400,000 52,000 $452,000 1. Determine the predetermined overhead rate for the year. 2&3. Enter the overhead costs incurred and the amounts applied to movies during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 Determine the predetermined overhead rate for the year. Overhead Rate Choose Numerator: Choose Denominator: Estimated overhead costs Estimated direct labor costs 2,080,000 $ 400,000 Overhead Rate Overhead rate 520% Reg Req 2 and 3 Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Req4 Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. Actual overhead 2,339,700 2,350,400 Applied overhead 10,700 ( Req1 Req 4 > Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 Prepare the adjusting entry to allocate any over- or underapplied overhead to cost of Goods Sold. No Date General Journal Debit Dec. 31 Factory overhead 10,700 Cost of goods sold
It shows the answer is incomplete, please help me to complete this question. Tks
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