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Q8 During January, its first month of operations, Dicker Company transfer product totaling $215,000 from Department 1 to Department 2, finished products totaling $320,000
Q8 During January, its first month of operations, Dicker Company transfer product totaling $215,000 from Department 1 to Department 2, finished products totaling $320,000 from Department 2 to finished goods warehouse. Later, these products are all sold on account for $410,000. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles (omit explanations) Debit Credit Jan31 31 31 Q9 Martin Company applies manufacturing overhead based on machine hours. Information concerning manufacturing overhead and labor for the year follows: Actual manufacturing overhead $150,000 Estimated manufacturing overhead $145,000 Machine hours incurred 4,800 Machine hours estimated 5,000 Instructions: (a) Compute the predetermined overhead rate. (b)Calculate applied MOH for the year (c) Determine any over/under applied MOH for the year
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