At the end of this year, Compumatics had complied a total of 89,920 labor hours worked. The

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At the end of this year, Compumatics had complied a total of 89,920 labor hours worked. The actual overhead incurred was $1,143,400.

1. Using the overhead rate computed in E 14, determine the total amount of overhead applied to operations during the year.

2. Compute the amount of over-applied overhead for the year.

3. Will the cost of Goods sold account be increased or decreased to correct the over-application of overhead?

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 02:05 AM

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At the end of this year, Compumatics had complied a total of 89,920 labor hours worked. The

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1 Overhead applied to operations computed 89920 hours 1272 per hour 1143782 2 Overapplied overhea...View the full answer

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