Question
The following accounts are from last years books at Sharp Manufacturing: Raw Materials Bal 0 (b) 154,000 (a) 164,000 10,000 Work In Process Bal 0
The following accounts are from last years books at Sharp Manufacturing:
| Raw Materials | |||
| Bal | 0 | (b) | 154,000 |
| (a) | 164,000 | ||
| 10,000 | |||
| Work In Process | |||
| Bal | 0 | (f) | 510,000 |
| (b) | 132,000 | ||
| (c) | 168,000 | ||
| (e) | 210,000 | ||
| 0 | |||
| Finished Goods | |||
| Bal | 0 | (g) | 460,000 |
| (f) | 510,000 | ||
| 50,000 | |||
| Manufacturing Overhead | |||
| (b) | 22,000 | (e) | 210,000 |
| (c) | 26,000 | ||
| (d) | 156,000 | ||
| 6,000 | |||
| Cost of Goods Sold | |||
| (g) | 460,000 | ||
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overapplied or underapplied for the year?
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The Internal Auditing Pocket Guide
Authors: J. P. Russell
1st Edition
0873895606, 978-0873895606
