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Please show all work Exercise 4.13 (Know how to write-off under or over-applied overheads.) 1. $5,700,000/375,000 = $15.20 per machine hour 2. $5,814,000 Applied overhead
Please show all work
Exercise 4.13 (Know how to write-off under or over-applied overheads.) 1. $5,700,000/375,000 = $15.20 per machine hour 2. $5,814,000 Applied overhead ($15.20 ~ 382,500) 5,730,000 Actual overhead $ 84,000 Overapplied overhead 84,000 3. Overhead Control.......... Cost of Goods Sold ....... 84,000 4. Work-in-process inventory.... $ 576,000 (19.2%: $576,000/$3,000,000) Finished goods inventory..... 624,000 (20.8%: $624,000/$3,000,000) Cost of goods sold........ 1,800,000 (60.0%: $1,800,000/$3,000,000) $3,000,000 84,000 Overhead Control .......... Work-in-Process Inventory Finished Goods Inventory..... Cost of Goods Sold ..... 16,128 (19.2% * $84,000) 17,472 (20.8% * $84,000) 50,400 (60.0% * $84,000)Step by Step Solution
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