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​​​​​​If you could please explain how you get the answers it would really help me

​​​​​​If you could please explain how you get the answers it would really help me

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  • [a]
    Predetermined Overhead rate = $ 360000 estimated cost / $ 180000 estimated DL cost
    = $ 2 per DL cost or 200% of Direct Labor cost.
  • [b]
    Journal entry for applying overhead:

Accounts title

Debit

Credit

Consulting department WIP

$22,000

Overhead [$ 11000 x 200%]

$22,000

  • [c]

--Applied Overhead = $ 22000

--Actual Overhead = $ 19500

--Applied overhead are MORE than actual overhead = OVERAPPLIED

--Overheads are over applied by $ ,2500.

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