Options are:
Actual Overhead
Applied Overhead
Direct Labor Cost
Estimated Overhead
Indirect Labor
Indirect Materials
Other Overhead Costs
Overapplied Overhead
Underapplied Overhead
Homework Answers
Factory overhead
| Factory Overhead | |||
| Indirect material | 26000 | Applied overhead (276000*75%) | 207000 |
| Indirect labor | 91000 | ||
| Other overhead | 131000 | ||
| Under applied | 41000 | ||
Journal entry
| No | Transaction | General Journal | Debit | Credit |
| A | 1 | Cost of goods sold | 41000 | |
| Factory overhead | 41000 |
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Options are: Actual Overhead Applied Overhead Direct Labor Cost Estimated Overhead Indirect Labor Indirect Materials Ot...
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 $12,000 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 $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 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 DET Concert Promotions...
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied DET Concert Promotions $11,600 55,800 16,700 92,000 Valle Home Builders $ 6,000 46,800 48,800 96, 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 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...
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...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $48,500 11,300 68,500 63,000 23,500 46,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 221,000 367,000 26,000 91,000...
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 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 $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 $12,000 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 $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 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 DET Concert Promotions $11,600 55,800 16,700 92,000 Valle Home Builders $ 6,000 46,800 48,800 96, 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 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...
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...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ $48,500 11,300 68,500 63,000 23,500 46,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 221,000 367,000 26,000 91,000...
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 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...
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