Question

20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials...

20

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Beg Bal 4,550 8,100
4,750
Work in Process
Beg Bal 3,650 21,750
5,750
8,050
7,850
Finished Goods
Beg Bal 1,750 19,950
21,750
Manufacturing Overhead
2,350 7,850
3,050
2,750
Wages & Salaries Payable
19,950 Beg Bal 2,050
11,100
Cost of Goods Sold
Beg Bal 19,950

The manufacturing overhead applied was:

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Answer #1

The manufacturing overhead applied was: $ 7850, it is the amount credited to the Manufacturing Overhead account and debited to the Work in Process account

The manufacturing overhead was: 300 under applied

Amount Amount
2,350 7,850
3,050
2,750
Under applied manufacturing overhead 300
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