No need to show work, I will upvote correct answer
a. Increase by $370,000 |
Explanation:-
The closing overapplied overhead into Cost of good sold would increase net Income by $370,000 ($3,789,000 - $3,419,000) |
No need to show work, I will upvote correct answer At the end of the year,...
At the end of the year, overhead applied was $3,729,000. Actual overhead was $3,454,000. Closing over/underapplied overhead into cost of goods sold would cause net income to A. increase $275,000 B. Decrease $275,000 C. increase $550,000 D. decrease $550,000
Calculator At the end of the year, overhead applied was $3,708,000. Actual overhead was $3,466,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. decrease by $242,000 b. increase by $242,000 c. decrease by $484,000 d. increase by $484,000
At the end of the year, overhead applied was $3,733,000. Actual overhead was $3,242,000. Closing over/underapplied overhead into Cost of Goods sold would cause net income to Oa, increase by $491,000 Ob. decrease by $491,000 Oc, increase by $982,000 Od decrease by $982,000
At the end of the year, overhead applied was $3,682,000. Actual overhead was $3,485,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a. decrease by $197,000 b. increase by $394,000 c. decrease by $394,000 d. increase by $197,000 Only have 30 more minutes to answer. please help
At the end of the year, overhead applied was $3,669,000. Actual overhead was $3,202,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a.increase by $467,000 b.decrease by $467,000 c.increase by $934,000 d.decrease by $934,000
At the end of the year, overhead applied was $3,717,000. Actual overhead was $3,145,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income toa.increase by $572,000b.decrease by $572,000c.increase by $1,144,000d.decrease by $1,144,000
At the end of the year, overhead applied was $3,706,000. Actual overhead was $3,418,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a.decrease by $576,000 b.decrease by $288,000 c.increase by $288,000 d.increase by $576,000 A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $345,800 and direct labor hours would be 42,600. Actual manufacturing overhead costs incurred were $320,800, and...
At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underscored overhead into Coto Goods income to a. Increase by $3,400,000 b. decrease by $1,700,000 C. Increase by $1,700,000 d. decrease by $3,400,000
At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underscored overhead into Coto Goods income to a. Increase by $3,400,000 b. decrease by $1,700,000 C. Increase by $1,700,000 d. decrease by $3,400,000
Show work please Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): $ 213,000 $ 264,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 160,000 $ 371,000 $352,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of End of Year...