Figure 4-6
The Fast & Furious Company produces two products: toy planes and toy race cars. They use departmental overhead rates for the two production departments: molding and finishing. Molding uses machine hours to assign overhead and Finishing uses direct labor hours. 50,000 planes and 250,000 race cars are produced. Please find the following data:

-The Sterling Company applies manufacturing overhead. At the end of the year the following data were available: The following accounts had the unadjusted balances:
What is the journal entry if the amount is considered material?

Question

Figure 4-6
The Fast & Furious Company produces two products: toy planes and toy race cars. They use departmental overhead rates for the two production departments: molding and finishing. Molding uses machine hours to assign overhead and Finishing uses direct labor hours. 50,000 planes and 250,000 race cars are produced. Please find the following data:
 
-The Sterling Company applies manufacturing overhead. At the end of the year the following data were available:  The following accounts had the unadjusted balances:
 What is the journal entry if the amount is considered material?

Figure 4-6 The Fast & Furious Company Produces Two Products: Toy Planes