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8/5/2019 Review Packet-Sue Medicus 18. Kell Corporation manufactures computers. Assume that Kell: (Click the icon...

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8/5/2019 Review Packet-Sue Medicus 18. Kell Corporation manufactures computers. Assume that Kell: (Click the icon to view the actual costs.) The company allocated manufacturing overhead of $116,250 using a allocates manufacturing overhead based on machine hours predetermined overhead rate of $7.75 per machine hour. The total actual estimated 12,000 machine hours and $93,000 of manufacturing overhead manufacturing overhead costs are $89,000. costs What entry would kell make to adjust the manufacturing overhead account for actually used 15,000 machine hours and incurred the following actual costs: overallocated or underallocated overhead? Review Only Click the icon to see the Worked Solution. Date Accounts and Explanation Debit Credit 3,000 - 12,000 17.75 275 x 750 = 114,250 A. 27.250 Manufacturing Overhead Cost of Goods Sold 27,250 4,000 overallocate 4,000 OB. Cost of Goods Sold 1 Manufacturing Overhead C. Cost of Goods Sold Manufacturing Overhead Debit mot 27,250 cos credit sold 27,250 OD. 4,000 Manufacturing Overhead 1 Cost of Goods Sold 4,000 6: Data Table Indirect labor 14,000 Depreciation on plant 48.000 Machinery repair 11,000 Direct labor 77,000 Plant supplies 8,000 Plant utilities 8,000 Advertising 33,000 Sales commissions 26,000

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