Requirement 2. Determine The Amount Of Overallocated Or Underallocated Manufacturing Overhead By Posting The Transactions To The Manufacturing Overhead Account. Assume The Balance In Manufacturing Overhead On January 1 Is $0. Prepare The Adjusting Entry Begin By Posting The Transactions To The Manufacturing Overhead (MOH) Account To Determine The Amount Of

 

Requirement 2. Determine the amount of overallocated or underallocated manufacturing overhead by posting the transactions to the Manufacturing Overhead account. Assume the balance in Manufacturing Overhead on January 1 is 50. Prepare the adjusting entry. Begin by posting the transactions to the Manufacturing Overhead (MOH) account to determine the amount of overallocated or underallocated manufacturing overhead. Post the entries using the appropriate posting references. Denote the ending balance as "Bal." Review the journal entries prepared in Requirement 1. Manufacturing Overhead Beg. Bal. 1a. Indirect materials 2000 1b. Indirect labor 15500 1c. Depreciation 32800 1d. Other MOH 23600 Bal. 73900 Prepare the adjusting entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit Dec. 31 Choose from any list or enter any number in the innut fields and then continue to the next question More Info - - X 1. Incurred manufacturing overhead costs a. $2,000 in indirect materials b. $15,500 in indirect labor (credit Wages Payable) c. $32,800 in machinery depreciation d. $23,600 in other indirect costs that were paid in cash 2. Allocated manufacturing overhead (use a compound entry) a. $28,000 to the Mixing Department b. $34,000 to the Packaging Department Print Done