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see attached, instructions and worksheet -- need to use January-February column on worksheet Ashford Un Guida Wee LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Exercise/

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see attached, instructions and worksheet -- need to use January-February column on worksheet

image text in transcribed Ashford Un Guida Wee LISTEN TO AUDIO/VIDEO EXPLAINING THE GUIDANCE REPORT Exercise/ Problem Ch 4 Ex 4 Account to be changed Materials Job 241 Estimated Direct labor cost Labor Job 242 Actual Factory Overhead Questions a. Uniflex's overhead application rate. (This rate needs to be recalculated because the labor has changed.) b. The balance of the Work in Process account on January 31, 20X5. Job 241 Material Labor Overhead Total Job 242 Material Labor Overhead Total c. The amount of over- or underapplied overhead for 20X5. Indicate whether overhead was overapplied or underapplied. Original Amount 26000 620000 24000 967500 YOUR ANSWERS BASED UPON COURSE START DATE AUDIO/VIDEO EX 5

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