Problem

Actual versus Normal CostingRefer to the data for the preceding exercise for Oneida Restau...

Actual versus Normal Costing

Refer to the data for the preceding exercise for Oneida Restaurant Supply Company. Prepare a journal entry to add to work-in-process inventory the total manufacturing overhead cost for the year, assuming:

1.     The firm uses actual costing.

2.     The firm uses normal costing, with a predetermined overhead rate based on machine hours.

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