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:


The manufacturing records for Krazy Kayaks at the end of


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.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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