Question
The following calculations are from last year's books by Sharp Manufacturing: raw materials Bal 0 (B) 155,600 (A) 168,000 12,400 Work In Progress Bal 0
The following calculations are from last year's books by Sharp Manufacturing:
| raw materials | |||
| Bal | 0 | (B) | 155,600 |
| (A) | 168,000 | ||
| 12,400 | |||
| Work In Progress | |||
| Bal | 0 | (F) | 516,400 |
| (B) | 132,800 | ||
| (C) | 169,600 | ||
| (e) | 214,000 | ||
| 0 | |||
| Finished goods | |||
| Bal | 0 | (G) | 468,000 |
| (F) | 516,400 | ||
| 48,400 | |||
| General Production Expenses | |||
| (B) | 22,800 | (e) | 214,000 |
| (C) | 26,800 | ||
| (D) | 157,600 | ||
| 6,800 | |||
| cost of goods sold | |||
| (G) | 468,000 | ||
Sharp uses work order costing and applies production overhead to jobs based on direct labor costs.
What is the over-applied or underapplied production overhead for the year?
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Financial and Managerial Accounting Using Excel for Success
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
1st edition
1111535221, 1111535223, 9781285400914 , 978-1111993979
