Question

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Beg Bal 5,200 9,400
5,400
Work in Process
Beg Bal 4,300 22,400
6,400
8,700
8,500
Finished Goods
Beg Bal 2,400 20,600
22,400
Manufacturing Overhead
3,000 8,500
3,700
3,400
Wages & Salaries Payable
20,600 Beg Bal 2,700
12,400
Cost of Goods Sold
Beg Bal 20,600

The manufacturing overhead applied was:

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Answer #1

Answer:

The manufacturing overhead applied was: $8,500

Explanation:

Manufacturing overhead applied is 'Credit' side amount of 'Manufacturing overhead Account'.

Actual manufacturing overhead is 'Debit' side amounts of 'Manufacturing overhead Account'

Difference between debit & credit of manufacturing overhead account is 'Over/Under applied manufacturing overhead'.

Thus,

The manufacturing overhead applied was: $8,500

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