1 answer

Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions...

Question:

Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $1
Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or under
Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Storm Concert Promotions $12,000 55,500 17,100 91,600 Valle Home Builders $ 6,900 47,100 49,800 98, 200 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Factory OH Storm GJ Storm Factory OHI GJ Valle Valle Determine whether overhead is overapplied or underapplied. < Prex 2 of 7 Next >
Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Factory OH Storm G) Storm Factory OH Valle GJ Valle Determine whether overhead is overapplied or underapplied. Factory Overhead-Storm GJ Storm > < Prey 2 of 7 8 Next >

Answers

Factory Overhead Storm
Indirect materials 12,000
Indirect labor 55,500
Other overheads 17,100
Overhead applied 91,600
Overapplied 7,000 Cr.

General Journal Storm

General Journal Debit Credit
Factory Overhead Storm 7,000
Cost of Goods Sold 7,000
Factory Overhead Valle
Indirect materials 6,900
Indirect labor 47,100
Other overheads 49,800
Overhead applied 98,200
Underapplied 5,600 Dr.

General Journal Valle:

General Journal Debit Credit
Cost of Goods Sold 5,600
Factory Overhead Valle 5,600
.

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