Question
Storm Concert Promotions Valle Home Builders Actual indirect materials costs $ 12,400 $ 6,800 Actual indirect labor costs 56,500 46,000 Other overhead costs 16,300 48,700
Storm Concert Promotions | Valle Home Builders | |||||
Actual indirect materials costs | $ | 12,400 | $ | 6,800 | ||
Actual indirect labor costs | 56,500 | 46,000 | ||||
Other overhead costs | 16,300 | 48,700 | ||||
Overhead applied | 91,500 | 96,600 | ||||
Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Complete this question by entering your answers in the tabs below.
- Factory OH Storm
- GJ Storm
- Factory OH Valle
- GJ Valle
Determine whether overhead is overapplied or underapplied. -Factory OH Storm
|
- GJ Storm
Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
No | Transaction | General Journal | Debit | Credit |
---|---|---|---|---|
A | 1 | Cost of goods sold | 19,300 | |
Factory overhead | 19,300 |
- Factory OH Valle
Determine whether overhead is overapplied or underapplied.
|
- GJ Valle
Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
No | Transaction | General Journal | Debit | Credit |
---|---|---|---|---|
A | 1 | Cost of goods sold | ||
Factory overhead |
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