Selected data for the consulting department of Austin Consulting, Inc., follow: Estimated consulting overhead cost for the
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Question:
Selected data for the consulting department of Austin Consulting, Inc., follow:
Estimated consulting overhead cost for the year $
Estimated direct labor cost for the year @ $hr
Actual manufacturing overhead cost for January
Actual direct labor cost for January hours
Assuming that direct labor cost is the basis for applying consulting overhead,
a Calculate the predetermined overhead rate.
b Prepare a journal entry that applies consulting overhead for January.
General Journal
Description Debit Credit
Cost of goods sold
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: