Question: 19-19 Selected cost data for Antique Poster Co are as follows: Estimated manufacturing overhead cost for the year $120, 000 Estimated direct labor cost for
19-19
Selected cost data for Antique Poster Co are as follows:
| Estimated manufacturing overhead cost for the year | $120, 000 |
| Estimated direct labor cost for the year | 100, 000 |
| Actual overhead manufacturing cost for the year | 90, 000 |
| Actual direct labor cost for the year | 71, 000 |
Compute the predetermined overhead allocation rate per direct dollar
Prepare the journal entry to allocate overhead costs for the year using
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Use a T-account to determine the amount of underallocated or overalloccated manufacturing overhead using
| Manufacturing Overhead | |||
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Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead using
| Date | Accounts and Explanation | Debit | Credit | ||||||
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