TEXXON company produces a line of bicycles. TEXXON uses a normal-costing system and allocates manufacturing overhead...

Transcribed Image Text:

TEXXON company produces a line of bicycles. TEXXON uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor hours. The following data are for 2021 Budgeted manufacturing overhead cost Budgeted direct labor-hours Actual manufacturing overhead costs Actual direct labor-hours Account TEXXON company dispose the under-overallocated manufacturing overhead using "proration based on based on the amount of manufacturing overhead allocated to WIP. EG and COGS accounts. Work in process control (WIP) Finished goods (FG) Cost of Goods Sold (COGS) Total Account balance (before proration) 100,000 150,000 4,750,000. Q2-The amount allocated is equal to Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) ? 2,240,000 56,000 2,430,000 54,000 ? 2,064,960 2,160,000 MOH in each account balance allocated in the current year as a percent of total ? 2.9% ? 50°F Light rain ENG 401PM 1/1/2022 company dispose the under-overallocated manufacturing overhead using "proration based on based on the amount of manufacturing overhead allocated to WIP. FG and COGS accounts. Account Work in process control (WIP) Finished goods (FG) Cost of Goods Sold (COGS) Total Account balance (before proration) None of the above 100,000 Q2- The amount allocated is equal to We can't find the answer 150,000 4,750,000 2.240.000 debit balance (before the proration) 2.240.000 credit balance (before the proration) 2160.000 debit balance (before the proration) Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) ? ? 2,064,960 2,160,000 MOH in each account balance allocated in the current year as a percent of total ? 2.9% ? 401 P TEXXON company produces a line of bicycles. TEXXON uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor hours. The following data are for 2021 Budgeted manufacturing overhead cost Budgeted direct labor-hours Actual manufacturing overhead costs Actual direct labor-hours Account TEXXON company dispose the under-overallocated manufacturing overhead using "proration based on based on the amount of manufacturing overhead allocated to WIP. EG and COGS accounts. Work in process control (WIP) Finished goods (FG) Cost of Goods Sold (COGS) Total Account balance (before proration) 100,000 150,000 4,750,000. Q2-The amount allocated is equal to Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) ? 2,240,000 56,000 2,430,000 54,000 ? 2,064,960 2,160,000 MOH in each account balance allocated in the current year as a percent of total ? 2.9% ? 50°F Light rain ENG 401PM 1/1/2022 company dispose the under-overallocated manufacturing overhead using "proration based on based on the amount of manufacturing overhead allocated to WIP. FG and COGS accounts. Account Work in process control (WIP) Finished goods (FG) Cost of Goods Sold (COGS) Total Account balance (before proration) None of the above 100,000 Q2- The amount allocated is equal to We can't find the answer 150,000 4,750,000 2.240.000 debit balance (before the proration) 2.240.000 credit balance (before the proration) 2160.000 debit balance (before the proration) Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) ? ? 2,064,960 2,160,000 MOH in each account balance allocated in the current year as a percent of total ? 2.9% ? 401 P

Answer rating: 100% (QA)

The detailed answer for the above question is provid... View the full answer