Question: Data table Manufacturing overhead costs ..... $ 590,000 Direct labor cost Machine hours $ 1,500,000 73,750 At the end of the year, the company had
Data table Manufacturing overhead costs ..... $ 590,000 Direct labor cost Machine hours $ 1,500,000 73,750 At the end of the year, the company had actually incurred the following: Direct labor cost ..... $ 1,190,000 Depreciation on manufacturing plant and equipment ... $ 475,000 Property taxes on plant .. $ 20,000 Sales salaries 23,000 Delivery drivers' wages $ 16,500 Plant janitors' wages Machine hours $ $11,500 55,500 hours Print Done - X Jackson Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following Cick the icon to view the costs) Jason's accountant found an ant in the expense seconds from the year reported Depreciation on manufacturing plant and equipment was actualy $405,000, not the $475,000 that had originally been reported. The unadjusted Cost of Goods Sold balance at year-end was $640,000. The manufacturing overhead allocated to jobs was $444,000. Read the reguments Requirement 1. Prepare the joumal entry (entries) to recond manufacturing overhead costs incurred. (Record debits first, then credits, Exclude explanations from any journal entries) Date Journal Entry Accounts Debit Credit
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