Question
St. Johns Corporation uses a job-order costing system and has provided the following partially completed summary T-accounts for the just completed period: Work In Process
St. Johns Corporation uses a job-order costing system and has provided the following partially completed summary T-accounts for the just completed period:
| Work In Process | |||
| Bal | 22,000 | Credits | 534,000 |
| Direct materials | 85,000 | ||
| Direct labor | 161,000 | ||
| Overhead applied | 273,000 | ||
| Bal. | ? | ||
| Manufacturing Overhead | |||
| Debits | 200,000 | Credits | ? |
Manufacturing overhead for the period was:
Multiple Choice
-
$7,000 Underapplied
-
$73,000 Underapplied
-
$73,000 Overapplied
-
$7,000 Overapplied
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Financial Accounting And Reporting QandA 2020
Authors: ACA Simplified
1st Edition
1661682820, 978-1661682828
