subject
Business, 12.02.2020 05:48 Gladistshiala267

Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $192,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours.

Required:

a. Assume that during the year the company works only 78,000 machine-hours and incurs $225,000 Manufacturing Overhead. Compute the amount of overhead cost that would be applied to Work in Process for the year.
b. Compute the amount of underapplied or overapplied overhead for the year and show the balance in your Manufacturing Overhead T-account.
c. Prepare a journal entry to close the company's underapplied or overapplied overhead to Cost of Goods Sold.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 12:30, deedee363
In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?
Answers: 3
image
Business, 22.06.2019 15:00, Jocelynrichards
Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive
Answers: 1
image
Business, 22.06.2019 16:50, amayarayne5
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
image
Business, 22.06.2019 17:40, kennyg02
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
You know the right answer?
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of m...

Questions in other subjects:

Konu
Biology, 20.03.2021 05:30
Konu
English, 20.03.2021 05:30
Konu
Social Studies, 20.03.2021 05:30
Konu
SAT, 20.03.2021 05:30