Selected cost data for DD Manufacturing are as follows: Estimated manufacturing overhead...
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Accounting
Selected cost data for DD Manufacturing are as follows:
| Estimated manufacturing overhead cost for the year | 100,000.00 |
| Estimated direct labor costs for the year | 80,000.00 |
| Actual manufacturing overhead costs for the year | 83,000.00 |
| Actual direct labor costs for the year | 64,000.00 |
Requirements
- Compute the predetermined manufacturing overhead rate per direct labor dinar.
- Prepare the journal entry to allocate overhead cost for the year.
- Use a T-account to determine the amount of underallocated or overallocated manufacturing overhead.
- Prepare the journal entry to close the balance of the Manufacturing Overhead account.
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