Question 23 7 8 Not yet answered 15 16 Marked out of 1.50 A company uses a budgeted indirect-cost rate for its manufacturing operations. As a result, the amount allocated ($100,000) was different from the actual amount incurred ($130,000). Using the proration approach, what is the journal entry used to write off the difference between allocated and actual overhead? Ending balances in the relevant accounts are: Work-in-Process $ 10,000 Finished Goods 20,000 Cost of Goods Sold 70,000 P Flag 23 24 question 31 32 Select one: a. Manufacturing Overhead Allocated 100.000 Work-in-Process Control 3,000 Finished Goods Control 6,000 Cost of Goods Sold 21,000 Manufacturing Overhead Control 130,000 Manufacturing Overhead Allocated 100.000 Cost of Goods Sold 30.000 Manufacturing Overhead Control 130,000 3,000 6,000 21,000 TODE000 Manufacturing Overhead Allocated 130,000 Work in Process Control Finished Goods Control Cost of Goods Sold Manufacturing Overhead Control d. Manufacturing Overhead Allocate 1300.000 Cost of Goods Sold Manufacturing Overhead Control 30.000 100,000 1PM ENG Flag 21 22 23 24 question Work-in-Process Finished Goods Cost of Goods Sold $ 10,000 20,000 70,000 29 30 31 32 Select one: O a. Manufacturing Overhead Allocated 100,000 Work-in-Process Control 3,000 Finished Goods Control 6,000 Cost of Goods Sold 21,000 Manufacturing Overhead Control O b. Manufacturing Overhead Allocated 100,000 Cost of Goods Sold 30,000 Manufacturing Overhead Control 130,000 130,000 Manufacturing Overhead Allocated 130,000 Work-in-Process Control Finished Goods Control Cost of Goods Sold Manufacturing Overhead Control O d. Manufacturing Overhead Allocate - 1300,000 Cost of Goods Sold Manufacturing Overhead Control 3,000 6,000 21.000 100,000 30,000 100,000 Previous page di ENG to search