Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bodin company manufactures finger splints for kids

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games....

70.2K

Verified Solution

Question

Accounting

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.
Type January 1 January 31
Finished goods $ 125,000 $ 117,000
Work in process 235,000251,000
Raw material 132,000124,000
The following additional data pertain to January operations.
Raw material purchased $ 191,000
Direct labor 400,000
Actual manufacturing overhead 170,000
Actual selling and administrative expenses 110,000
The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.
5. Compute the balance in the manufacturing overhead account on January 31. Debit or credit?

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

Chemistry
1.2K views

Determine the pH at the equivalence (stoichiometric) point in the titration of 41 mL of 0.25...

Biology
1.2K views

Which is NOT a taxtaken from yourpaycheck?A. Federal taxB. SocialSecurity/Medicare taxC. State taxD. Sales tax

Physics
1.2K views

6 Light of wavelength 330 nm falling on a piece of metal ejects electrons with...

Geometry
1.2K views

A regular heptagon has a radius of approximately 27 87 cm and the length of...

Basic Math
1.2K views

Eliminate the parameter t to find a simplified Cartesian equation of the form y =...

Basic Math
1.2K views

Graph: y ? 4x + 1y > - 2x - 2

Calculus
1.2K views

Calculate the indicated Riemann sum S5 for the function f x 22 5x Partition 3...

Accounting
1.2K views

How do I load/move URL information from one column into a seperate column on power...

Accounting
1.2K views

can u help me with this thank you! ...

Accounting
1.2K views

In 2018, Zach is single with no dependents. He is not claimed as a dependent...

Accounting
1.2K views

A company must decide between scrapping or reworking units that do not pass inspection. The...

Finance
1.2K views

7. Compounding Investment Returns. Nancy Cardoza invested $2,550 in ExxonMobil stock because her research indicated...