Qu Q Qu Help Floral Foundry a predelemised manufacturing overhead rate to allocate overhead to individual...
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Qu Q Qu Help Floral Foundry a predelemised 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 (Click the ioon to view the costs) Floral's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actualy $400,000, not the $475,000 that had originally been reported. The unadjusted Cost of Goods Sold balance at year-end was $20,000. The manufacturing overhead allocated to jobs was $450,000 Read the requirements Requirement 1. Prepare the joumal entry (entries) to record manufacturing of Journal Entry Accounts Date Requirements 1. Prepare the journal entry (entries) to record manufacturing overhead costs houred 2. Prepare the journal entry to record the manufacturing overhead alocated to jobs production 3. Use a Taccount to determine whether manufacturing overhead is underalocated or overlocated and by how much 4. fcord the entry to close out the underalocated or overstocated mattung overhead 5. What the ending betares of Cost of Goods S Print Done Data table Manufacturing overhead costs Direct labor cost. $50,000 $1,400.000 Machine hours 06.750 At the end of the year, the company had actually incurmed the following Direct labor cost. Depreciation on a Property taxes on plant. Sales salaries Delivery drivers' wages Plan janitors' wages Machine hours S cturing plant and equipment S $ S 1 57,000 Print $ 1.200.000 475,000 21.500 34.000 17.000 8.500 Done Clear all X is) Check answer Qu Q Qu Help Floral Foundry a predelemised 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 (Click the ioon to view the costs) Floral's accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actualy $400,000, not the $475,000 that had originally been reported. The unadjusted Cost of Goods Sold balance at year-end was $20,000. The manufacturing overhead allocated to jobs was $450,000 Read the requirements Requirement 1. Prepare the joumal entry (entries) to record manufacturing of Journal Entry Accounts Date Requirements 1. Prepare the journal entry (entries) to record manufacturing overhead costs houred 2. Prepare the journal entry to record the manufacturing overhead alocated to jobs production 3. Use a Taccount to determine whether manufacturing overhead is underalocated or overlocated and by how much 4. fcord the entry to close out the underalocated or overstocated mattung overhead 5. What the ending betares of Cost of Goods S Print Done Data table Manufacturing overhead costs Direct labor cost. $50,000 $1,400.000 Machine hours 06.750 At the end of the year, the company had actually incurmed the following Direct labor cost. Depreciation on a Property taxes on plant. Sales salaries Delivery drivers' wages Plan janitors' wages Machine hours S cturing plant and equipment S $ S 1 57,000 Print $ 1.200.000 475,000 21.500 34.000 17.000 8.500 Done Clear all X is) Check answer
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