Requirement 2: During the year, actual overhead cost and activity were recorded as follows: Activity Cost Pool Activity Overhead Cost Actual Activity Labor related $ 279,000 32,000 DLHs Production orders $ 58,000 700 orders Material receipts $ 190,000 1,300 receipts Relay assembly $ 320,000 7,900 relays General factory $ 847,000 61,000 MHs ________________________________________ ________________________________________ Total manufacturing overhead cost $ 1,694,000 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ a. Prepare a journal entry to record the incurrence of actual manufacturing overhead cost for the year (credit Accounts Payable). Post the entry to the company's Manufacturing Overhead T-account. (Omit the "$" sign in your response. Round your answers to the nearest whole number.) General Journal Debit Credit ________________________________________ Manufacturing Overhead ________________________________________ ________________________________________ (2a) b. Determine the amount of overhead cost applied to production during the year. (Omit the "$" sign in your response. Round your answers to the nearest dollar amount.) Overhead Cost $ c. Prepare a journal entry to record the application of manufacturing overhead cost to Work in Process for the year. Post the entry to the company's Manufacturing Overhead T-account. (Omit the "$" sign in your response. Round your answers to the nearest whole number.) General Journal Debit Credit ________________________________________ Manufacturing Overhead ________________________________________ ________________________________________ (2a) (2c) ________________________________________ ________________________________________ ________________________________________ d. Determine the amount of underapplied or overapplied manufacturing overhead for the year. (Input the amount as positive value. Round your answers to the nearest dollar amount.Omit the "$" sign in your response.) $ rev; 02-16-2011 eBook Links (3) references Worksheet Learning Objective: 03-03 Compute product costs using activity-based costing. Learning Objective: 03-02 Compute activity rates for an activity-based costing system. Learning Objective: 03-05 Record the flow of costs in an activity-based costing system. 3. value: 5 points Requirement 3: The actual activity for the year was distributed among the company's four products as follows: Actual Activity Activity Cost Pool Product A Product B Product C Product D Labor related (DLHs) 7,600 10,800 4,100 9,500 Production orders (orders) 160 200 150 190 Materials receipts (receipts) 105 450 240 505 Relay assembly (relays) 2,350 0 5,550 0 General factory (MHs) 12,800 17,000 13,400 17,800 ________________________________________ a. Determine the total amount of overhead cost applied to each product. (Omit the "$" sign in your response. Round your answer to the nearest dollar amount.) Total Overhead Cost Product A $ Product B $ Product C $ Product D $ ________________________________________ b. Does the total amount of overhead cost applied to the products above tie in to the T-accounts in anyway?