Problem

Record the journal entry to close over- or underapplied factory overhead to Cost of Goods...

Record the journal entry to close over- or underapplied factory overhead to Cost of Goods Sold for each of the independent cases below.

 

JK Concert

Promotions

EL Home

Builders

Actual indirect materials costs 

$12,000

$ 6,500

Actual indirect labor costs  

56,000

46,500

Other overhead costs

 17,000

49,000

Overhead applied

   96,200

 106,800

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