Shirley Enterprises uses job costing. Actual overhead for the year was $494,500. The allocated overhead was...
Shirley Enterprises uses job costing. Actual overhead for the year was $494,500. The allocated overhead was $524,100. What is the balance in the manufacturing overhead account?
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$29,600 underallocated = A |
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$1,018,600 overallocated = B |
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$29,600 overallocated = C |
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$494,500 underallocated =D |
Homework Answers
Answer: $29,600 overallocated = C
Explanation:
Manufacturing overhead = Allocated overhead - Actual overhead
Manufacturing overhead = $524,100 - $494,500
Manufacturing overhead = $29,600
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