Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. bridgewood company produces two products: stand

1. Bridgewood Company produces two products: Standard espresso machines and Deluxe espresso machines. Bridgewood uses...

80.2K

Verified Solution

Question

Accounting

1. Bridgewood Company produces two products: Standard espresso machines and Deluxe espresso machines. Bridgewood uses a Product Costing system. Bridgewood uses a Normal Costing System and allocates overhead using an Activity-Based Costing system. The companys 2022 budgeted overhead and budgeted driver unit consumption (pooled across products) are as follows:
On 3/17/22, Bridgewood completed 15 setups for Deluxe espresso machines. On 6/30/22, Bridgewood depreciated its production equipment in the amount of $25,000. On 10/4/22, Bridgewood engineers spent 90 hours re-designing a component within Standard espresso machines. On 11/28/22, Bridgewood paid $11,000 for property taxes on its factory.
Assuming that the overhead variance is immaterial, prepare the journal entry to dispose of the companys overhead variance at 12/31/22.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

willdescribe and evaluate the web site for: • Accuracy • Comprehensiveness • Clarity • Ease of...

Programming
Q

The second assignment involves writing a Python program to compute the price of a theater ticket....

Programming
Q

Historically there has been little encouragement or support for work teams to manage work area hazards,...

General Management
Q

Which of the following is a FALSE statement regarding red tide?A) it can occur on...

Biology
Q

Y cot 2 3 3 Drag the movable black point to set the left vertical...

Geometry
Q

In a tournament a professional golfer knows that she is 200 yards from the hole...

Basic Math
Q

2 Find the natural cubic spline for x 21 1 3 5 2 5 8

Algebra
Q

are given that kx kx 6 0 Then an expression for as a function of...

Algebra
Q

Question View Policies Current Attempt...

Accounting
Q

A partial adjusted trial balance of Fort Lee Company at January 31,2022 , shows the...

Accounting
Q

Please no hand-writing and photo a-What is a Not-For-Profit Organization (NFPO)? Explain in detail the...

Accounting
Q

Tony and Suzie graduate from college in May 2021 and begin developing their new business....

Accounting