Answer the following questions using the information below:
Because the Abernathy Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000)was different from the actual amount incurred ($225,000).

-What is the journal entry used to write off the difference between allocated and actual overhead using the proration approach?

Question

Answer the following questions using the information below:
Because the Abernathy Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000)was different from the actual amount incurred ($225,000).
 
-What is the journal entry used to write off the difference between allocated and actual overhead using the proration approach?

Quizplus · Accepted Answer

The Answer of Answer the following questions using the information below:
Because the Abernathy Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000)was different from the actual amount incurred ($225,000).
 
-What is the journal entry used to write off the difference between allocated and actual overhead using the proration approach?

Answer the Following Questions Using the Information Below