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Save & Exit Check r Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machin
Complete this question by entering your answers in the tabs below. Req 2B Req 2A Req 1 Compute the amount of underapplied or
Prepare a journal entry to close the companys underapplied or overapplied overhead to Cost of Goods Sold. (If no entry is re
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Answer #1
Manufacturing overhead 232000 =80000*2.90
1
Manufacturing Overhead Work in Process
(Maintenance) 26000 232000 (a) (Direct materials) 760000
(Indirect materials) 8500 (Direct labor) 95000
(Indirect labor) 86000 (Overhead) (a) 232000
(Utilities) 37000
(Insurance) 7500
(Depreciation) 72000
Balance 5000
2A
Underapplied manufacturing overhead 5000
2B
Debit Credit
1 Cost of goods sold 5000
     Manufacturing overhead 5000
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