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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778 تمرين 58
Actual Overhead versus Applied Overhead
Morris Corporation applies manufacturing overhead to jobs at a rate of $50 per direct labor hour. During the current period, actual overhead costs totaled $240,000, and 5,000 direct labor hours were worked by the company's employees.
a. Record the journal entry to close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period.
b. Was manufacturing overhead overapplied, or was it underapplied?
Morris Corporation applies manufacturing overhead to jobs at a rate of $50 per direct labor hour. During the current period, actual overhead costs totaled $240,000, and 5,000 direct labor hours were worked by the company's employees.
a. Record the journal entry to close the Manufacturing Overhead account directly to Cost of Goods Sold at the end of the period.
b. Was manufacturing overhead overapplied, or was it underapplied?
التوضيح
موثّق
موثّق
(a)
A firm would maintain its 'manufactu...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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