I need help with my assignment please.
Homework Answers
| 1 | Predetermined Overhead for 2015 | ||||
| Choosen Number | / | Choosen Denominator | = | Overhead Rate | |
| $720000*100 | / | $300,000 | = | 240% of direct labour | |
| 2 | Factory Overhead | |||
| Actual Overhead | 1317900 | |||
| Less: | Applied Overhead (240% $545000) | 1308000 | ||
| Underapplied/(Overapplied) Factory Overhead | 9900 | |||
3. Journal Entries
| Date | General Journal | Debit | Credit | ||
| 31-Dec | Cost of goods sold | 9900 | |||
| Factory Overhead | 9900 |
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I need help with my assignment please.
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