The following calculations are from last year 's books by Sharp Manufacturing raw materials Bal 0 (B) 155,600 (A) 168,000 12,400 Work In Progress Bal 0 (F) 516,400 (B) 132,800 (C) 169,600 (e) 214,000 0 Finished goods Bal 0 (G) 468,000 (F) 516,400 48,400 General Production Expenses (B) 22,800 (e) 21...

The following calculations are from last year's books by Sharp Manufacturing: raw materials Bal 0 (B) 155,600

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Question:

The following calculations are from last year's books by Sharp Manufacturing:

raw materials
Bal	0	(B)	155,600
(A)	168,000
	12,400

Work In Progress
Bal	0	(F)	516,400
(B)	132,800
(C)	169,600
(e)	214,000
	0

Finished goods
Bal	0	(G)	468,000
(F)	516,400
	48,400

General Production Expenses
(B)	22,800	(e)	214,000
(C)	26,800
(D)	157,600
			6,800

cost of goods sold
(G)	468,000

Sharp uses work order costing and applies production overhead to jobs based on direct labor costs.

What is the over-applied or underapplied production overhead for the year?

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The following calculations are from last year's books by Sharp Manufacturing: raw materials Bal 0 (B) 155,600

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Calculate the overapplied or underapplied production overhead First lets identif... View the full answer

Financial and Managerial Accounting Using Excel for Success

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