Homework Answers
i) Factory OH Storm:
| Factory Overhead-Storm | |||
| Indirect Materials | $ 11,600 | ||
| Indirect Labor | $ 55,800 | Overhead applied | $ 92,000 |
| Other overhead costs | $ 16,700 | ||
| COGS (Over applied) | $ 7,900 | ||
ii) GJ Storm:
| Transaction | General Journal | Debit | Credit |
| 1 | Manufacturing Overhead | $ 7,900 | |
| Cost of goods sold | $ 7,900 | ||
| [To record manufacturing overhead over applied] |
iii) Factory OH Valle:
| Factory Overhead - Valle | |||
| Indirect Materials | $ 6,000 | ||
| Indirect Labor | $ 46,800 | Overhead applied | $ 96,100 |
| Other overhead costs | $ 48,800 | COGS (under applied) | $ 5,500 |
iv) GJ Valle:
| Transaction | General Journal | Debit | Credit |
| 1 | Cost of goods sold | $ 5,500 | |
| Manufacturing Overhead | $ 5,500 | ||
| [To record manufacturing overhead under applied] |
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Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied DET Concert Promotions...
Storm Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Concert Promotions...
Storm Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Concert Promotions $11, 400 56, 600 16,500 92, 500 Valle Home Builders $ 6, 100 46, 700 48, 400 96, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 56,800 16,700 92,000 Valle Home Builders $ 7,300 46,500 49,000 98,300 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $11,800 56,300 17,800 93,200 Valle Home Builders $ 6,300 46,200 49,600 96,700 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,200 55,700 17,300 91,500 Valle Home Builders $ 6,800 46,600 48,500 97,800 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect material COSES Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect material COSES Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $11,700 55,600 17.300 91,800 Valle Home Builders $ 6.700 16,700 40.900 97.000 Storm Concert Promotions Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,300 55,900 16,300 91,900 Valle Home Builders $ 7,200 46,700 49,500 98,700 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 55,500 17,100 91,600 Valle Home Builders $ 6,900 47,100 49,800 98, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 55,500 17,100 91,600 Valle Home Builders $ 6,900 47,100 49,800 98, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods...
15 Required Homework Hele Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead...
15 Required Homework Hele Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Starm Concert Promotions $11,600 55,100 17,500 91,600 Valle Hone Builders $ 7,100 46, ece 48,200 96,960 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Valle Home Builders Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead...
how do i calculate? Storm Valle Home Concert Promotions Builders $ 7,100 Actual indirect materials costs...
how do i calculate?
Storm Valle Home Concert Promotions Builders $ 7,100 Actual indirect materials costs $11,200 Actual indirect labor costs 46,100 49,100 55,400 17,600 91,800 Other overhead costs Overhead applied 98,100 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to...
Storm Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Concert Promotions $11, 400 56, 600 16,500 92, 500 Valle Home Builders $ 6, 100 46, 700 48, 400 96, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 56,800 16,700 92,000 Valle Home Builders $ 7,300 46,500 49,000 98,300 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $11,800 56,300 17,800 93,200 Valle Home Builders $ 6,300 46,200 49,600 96,700 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,200 55,700 17,300 91,500 Valle Home Builders $ 6,800 46,600 48,500 97,800 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect material COSES Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $11,700 55,600 17.300 91,800 Valle Home Builders $ 6.700 16,700 40.900 97.000 Storm Concert Promotions Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,300 55,900 16,300 91,900 Valle Home Builders $ 7,200 46,700 49,500 98,700 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold....
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 55,500 17,100 91,600 Valle Home Builders $ 6,900 47,100 49,800 98, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 55,500 17,100 91,600 Valle Home Builders $ 6,900 47,100 49,800 98, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods...
15 Required Homework Hele Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Starm Concert Promotions $11,600 55,100 17,500 91,600 Valle Hone Builders $ 7,100 46, ece 48,200 96,960 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Valle Home Builders Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead...
how do i calculate?
Storm Valle Home Concert Promotions Builders $ 7,100 Actual indirect materials costs $11,200 Actual indirect labor costs 46,100 49,100 55,400 17,600 91,800 Other overhead costs Overhead applied 98,100 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to...
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