can someone check if this is correct Last 5 digits of your...
90.2K
Verified Solution
Link Copied!
Question
Accounting
can someone check if this is correct
Last 5 digits of your student number 67245 Estimates made at the beginning of the period Estimated direct labor hours 317,245 1. Compute total manufacturing overhead estimated at the beginning of the period Fixed manufacturing overhead $280,000 Estimated variable manufacturing overhead per direct labor hour Estimated total fixed manufacturing overhead $2.40 $280,000 Variable manufacturing overhead Total manufacturing overhead $761,388 $1,041,388 Actual amounts as of the end of the period Actual total manufacturing overhead incurred Actual total direct labor hours worked Unadjusted cost of goods sold $700,000 210,000 $4,890,000 2. Compute the predetermined overhead rate used to apply manufacturing overhead to jobs $3.28 3. Compute the total amount of overhead applied to jobs during the period $688,800 in cell b4, input the sum of $250,000 + the last 5 digits of your student number 4. Compute the amount of overapplied or underapplied overhead (if overapplied, present as a positive number; if underapplied, present as a negative number) $11,200 5. Compute the new balance in cost of goods sold after adjusting for over- or under-applied overhead. $4.878.800
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!