Question: can i get help please Exercise 7.33 (Static) Prorate Under- or Overapplied Overhead (LO 7.3) Anteine Machining estimated its manufacturing overhead to be $279,000 and
Exercise 7.33 (Static) Prorate Under- or Overapplied Overhead (LO 7.3) Anteine Machining estimated its manufacturing overhead to be $279,000 and its direct materials costs to be $450,000 in Year 1. Three of the jobs that Anteine Machining worked on in Year thad actual direct materials costs of \$15,000 for Job AM002, \$55,000 for Job AM005, and $70.000 for Job AM008. For Year 1, actual manufactuting overhend was $313,000 and total direct materiais cost was $540,000. Manufacturing overhead is applied to jobs on the bosis of direct materials costs using predetermined rates. Overhead applied in each of the ifventery accounts is as follows: Required: Piepare an enify to aliocate the under- of overapplied ovethesd. Notei If ne entry is required for a transaction/event, select "No jounal entry required" in the first account field
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