2 of 4 (1 complete) -26A (similar to) tal Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company aspecte (Click the icon to view the costs.) als accountant found an error in the expense records from the year reported Depreciation on manufacturing plant and equipment was actually $415,000, not the $470.000 that had originally $456,000 and the requirements quirement 1. Prepare the journal entry to record manufacturing overhead costs incurred (Record debits first then credits Exclude explanations from any journal entries) Journal Entry i Data Table Accounts Debit Credit Manufacturing overhead costs Direct labor cost Machine hours $ 600,000 1,450,000 75.000 At the end of the year, the company had actually incurred the following Direct labor cost 1220,000 Depreciation on manufacturing plant and equipment 470,000 Property taxes on plant 20,500 Sales salaries 25.000 Delivery drivers' wages 16,500 Plant Janitors' wages 9,500 Machine hours 57,000 hours Print Done se from any list or enter any number in the input fields and then click Check Answer Save Homework: Chapter 3 HW Score: 0 of 2 pts E3-26A (similar to) 2 of 4 (1 complete) HW Score: 18.1%, 1.81 of 10 pts Question Help Metal Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: E (Click the icon to view the costs.) Metal's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $415,000, not the $470.000 that had originally been reported. The unadjusted Cost of Goods Sold balance at year-end was $560,000. The manufacturing overhead allocated to jobs was $456,000 Read the requirements Requirement 1. Prepare the journal entry to record manufacturing overhead costs in entries.) Data Table Journal Entry Accounts Date Manufacturing overhead costs........$ 600,000 Direct labor cost... ............$ 1,450,000 Machine hours ............... 75,000 At the end of the year, the company had actually incurred the following: 1,220,000 Direct labor cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages.. Plant janitors' wages Machine hours 470,000 20,500 25,000 moose from any list or enter any number in the input fields and then click Ched 16,500 9,500 parts remaining 57,000 hours
