The manufacturing records for Krazy Kayaks at the end of the 2014 fiscal year show the following
Question:
The manufacturing records for Krazy Kayaks at the end of the 2014 fiscal year show the following information about manufacturing overhead:
Requirements
1. How many machine hours did Krazy Kayaks use in 2014?
2. Was manufacturing overhead overallocated or underallocated for the year and by how much?
3. Prepare the journal entry to adjust for the underallocated or overallocated manufacturingoverhead.
Transcribed Image Text:
Overhead allocated to production Actual manufacturing overhead costs Predetermined overhead allocation rate $ 405,900 428,000 41 per machine hour
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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