As consultants, we are hired to help the company track and report costs. The following Tableau...

 

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As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis. Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $6,000 $9,000 $10,000 $12,000 $12,000 $15,000 $3,000 50 November 30 December 31 November 30 December 31 Nov 230 December 31 $15,000 $20,000 $7,500 $10,000 Pre Next > Factory Overhead for December Indirect materials $5,000 Indirect labor $7.000 Sales, Materials, and Payroll for December Factory payroll $57,000 $40,000 Raw materials purchases Total Overhead $42,000 $30,000 Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% ※+ableau) Sales $200,000 PE Predetermined overhead rate based on direct labor cost 70% +ableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) Sales $ 200,000 Cost of goods sold Gross profit $ 200,000 Required 1 Required 2 > Check my w ↑ до 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. < Required 1 Required 3 > Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. Underapplied overhead As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis. Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $6,000 $9,000 $10,000 $12,000 $12,000 $15,000 $3,000 50 November 30 December 31 November 30 December 31 Nov 230 December 31 $15,000 $20,000 $7,500 $10,000 Pre Next > Factory Overhead for December Indirect materials $5,000 Indirect labor $7.000 Sales, Materials, and Payroll for December Factory payroll $57,000 $40,000 Raw materials purchases Total Overhead $42,000 $30,000 Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% ※+ableau) Sales $200,000 PE Predetermined overhead rate based on direct labor cost 70% +ableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) Sales $ 200,000 Cost of goods sold Gross profit $ 200,000 Required 1 Required 2 > Check my w ↑ до 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. < Required 1 Required 3 > Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. Underapplied overhead As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis. Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $6,000 $9,000 $10,000 $12,000 $12,000 $15,000 $3,000 50 November 30 December 31 November 30 December 31 Nov 230 December 31 $15,000 $20,000 $7,500 $10,000 Pre Next > Factory Overhead for December Indirect materials $5,000 Indirect labor $7.000 Sales, Materials, and Payroll for December Factory payroll $57,000 $40,000 Raw materials purchases Total Overhead $42,000 $30,000 Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% ※+ableau) Sales $200,000 PE Predetermined overhead rate based on direct labor cost 70% +ableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) Sales $ 200,000 Cost of goods sold Gross profit $ 200,000 Required 1 Required 2 > Check my w ↑ до 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. < Required 1 Required 3 > Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. Underapplied overhead As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis. Inventories Raw Materials Work in Process Finished Goods $21,000 $18,000 $6,000 $9,000 $10,000 $12,000 $12,000 $15,000 $3,000 50 November 30 December 31 November 30 December 31 Nov 230 December 31 $15,000 $20,000 $7,500 $10,000 Pre Next > Factory Overhead for December Indirect materials $5,000 Indirect labor $7.000 Sales, Materials, and Payroll for December Factory payroll $57,000 $40,000 Raw materials purchases Total Overhead $42,000 $30,000 Other overhead costs Predetermined Overhead Rate Predetermined overhead rate based on direct labor cost 70% ※+ableau) Sales $200,000 PE Predetermined overhead rate based on direct labor cost 70% +ableau 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute gross profit. (Do not consider any underapplied or overapplied overhead.) Sales $ 200,000 Cost of goods sold Gross profit $ 200,000 Required 1 Required 2 > Check my w ↑ до 1. Compute gross profit. (Do not consider any underapplied or overapplied overhead.) 2. Compute overapplied or underapplied overhead. 3. If overhead is underapplied, an adjusting journal entry is required to do which of the following: Complete this question by entering your answers in the tabs below. < Required 1 Required 3 > Required 1 Required 2 Required 3 Compute overapplied or underapplied overhead. Underapplied overhead