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Star Promotions Valle Builders Indirect materials $ 12,400 $ 7,500 Indirect labor 56,900 45,700 Other overhead 16,000 49,500 Overhead applied 92,400 98,400 Star Promotions 1-a
Star Promotions | Valle Builders | |
---|---|---|
Indirect materials | $ 12,400 | $ 7,500 |
Indirect labor | 56,900 | 45,700 |
Other overhead | 16,000 | 49,500 |
Overhead applied | 92,400 | 98,400 |
Star Promotions 1-a. Determine whether overhead is overapplied or underapplied. 1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Builders 2-a. Determine whether overhead is overapplied or underapplied. 2-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Req 1A Req 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Star Indirect materials Indirect labor Other overhead Req 1A Req 1B > Req 1A Req 1B Req 2A Req 2B Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods S View transaction list Journal entry worksheet A Record the entry to close underapplied/overapplied overhead for Star Promotions. Note: Enter debits before credits. Transaction General Journal Debit 1 Factory overhead Cost of goods sold Record entry Clear entry Credit View general journal Req 1A Reg 1B Req 2A Req 2B Determine whether overhead is overapplied or underapplied. Factory Overhead-Valle Indirect materials Indirect labor Other overhead View transaction list Journal entry worksheetStep by Step Solution
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