Help Save Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning...

Question:

Help Save Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions overhead costs, $180,000, and direct materials costs,$100,000. At year-end, the company's records show that actual overhead costs for the year are $920,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost$380,000 71,000 55.000 $506,000 terials cost$506,000 1. Determine the predetermined overhead rate. 283. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 Determine the predetermined overhead rate. Overhead Rate Choose Denominator Choose Numerator: Overhead Rate Overhead rate Reg 2 and 3 > Prev 1 of 1 Next
Help Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost 55.000 $506,000 1. Determine the predetermined overhead rate. 2&3. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req1 Reg 2 and 3 Req 4 Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. Factory Overhead Actual overhead Reg 4 > 1. Determine the predetermined overhead rate. 2&3. Enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet Record entry to allocate underapplied /overapplied overhead. Note: Enter debits before credits. Date General Journal Dec 31 Debit Credit Answers Similar Solved Questions 1 answer Question 9 Not yet answered Points out of 4.00 P Flag question Find the area under... Question 9 Not yet answered Points out of 4.00 P Flag question Find the area under the standard normal curve over the interval specified below. Tothe left of: = 1 Select one: o a.0.841 O b. 0999 O c.0023 O d. 00 o e, 0.159 Previous page Type here to search... 2 answers Reactance and Current ....help? Consider the two circuits shown in fig 1. The current in circuit 1,containing an inductor of self-inductance , has an angular frequency , while the current incircuit 2, containing a capacitor ofcapacitance , has an angular frequency . If we increase and decrease , both bulbs growdimmer.Fig 1Now com... 1 answer A radio antenna broadcasts a 1.0 MHz radio wave with 27 kW of power. Assume that... A radio antenna broadcasts a 1.0 MHz radio wave with 27 kW of power. Assume that the radiation is omitted uniformly in all directions. (60 - 8.85 x 10-12 c/Nm)c- 3.00 x 10 m/s) Part A What is the wave's intensity 33 km from the antenna? Express your answer in watts per meter squared. 190 AED ? I... 1 answer Anwer Question 18 (5 points t the temperature ofl an object is multipled by 7,the amunt... Anwer Question 18 (5 points t the temperature ofl an object is multipled by 7,the amunt of power radated s multipled by what number? our Answer Question 19 15 poines h an experiment to that usedinour lab experimt0n_ with mm soaration between two bases) can pat be detected at a distance of 5.5 m. Wha... 1 answer Show your work. Use the correct number of significant figures in your answers. Aluminum metal reacts... Show your work. Use the correct number of significant figures in your answers. Aluminum metal reacts with chlorine gas to form solid aluminum chloride. 1. Write the balanced equation including states of matter. 2. If 70.0 grams of aluminum reacts with excess chlorine gas, how many grams of aluminum ... 1 answer Two pellets, each with a charge of 1.2 microcoulombs (1.2×10−6 C ), are located 3.6 cm... Two pellets, each with a charge of 1.2 microcoulombs (1.2×10−6 C ), are located 3.6 cm (3.6×10−2 m ) apart. Find the electric force between them.... 2 answers Thornton Corporation expects to incur indirect overhead costs of$171,825 per month and direct manufacturing costs...
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