Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at the beginning of the year, forest corporation e

At the beginning of the year, Forest Corporation estimates overhead will be $175,000. If the...

70.2K

Verified Solution

Question

Accounting

At the beginning of the year, Forest Corporation estimates overhead will be $175,000. If the actual overhead for the year is $165,000 and the applied overhead for the year is $120,000, what is the journal entry needed to reconcile the overhead variance? Assume that the overhead variance is immaterial. a. Overhead Control27,000 Cost of Goods Sold27,000 b. Overhead Control45,000 Cost of Goods Sold45,000 c. Cost of Goods Sold27,000 Overhead Control27,000 d. Cost of Goods Sold45,000 Overhead Control45,000 e. None of these choices are correct.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

using newtons second law, derive the principle of angular impulse and momentum assuming mass is constant.

General Management
1.2K views

Amazon continues to make a name for itself as a major retailer. In four hundred words...

Basic Math
1.2K views

Let ?x denote the proportion of households in some county with x cars. Suppose ?1 =...

Biology
1.2K views

A person with conservative views believes that government should have a O weak role in...

Basic Math
1.2K views

Prorate the given expenses to find the monthly cost Keiko pays 340 per month for...

Basic Math
1.2K views

Sleep apnea: Sleep apnea is a disorder in which there are pauses in breathing during...

Accounting
1.2K views

10. The EF Partnership Liquidated on August 1st. At the time of Liquidation, the balances...

Accounting
1.2K views

EXERCISE 10-6 Direct Materials and Direct Labor Variances LO10-1, LO10-2 Huron Company produces a commercial...

Accounting
1.2K views

Dawn owned and lived in her house 3 years before she met and married Steve....

Accounting
1.2K views

Below is the simplified balance sheet of Gorgonzolan commercial banks at some point in time...

Accounting
1.2K views

.............uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours....

Finance
1.2K views

Question 6 (2 points) If project "A" has a net present value of $2,456 and...