1 answer

Brookman Company reported the following manufacturing overhead variances. ElB (Click the icon to view the overhead...

Question:

Brookman Company reported the following manufacturing overhead variances. ElB (Click the icon to view the overhead variances.) 24. Record the journal entry to adjust Manufacturing Overhead 25. Was Manufacturing Overhead overallocated or underallocated? 24. Record the journal entry to adjust Manufacturing Overhead. (Prepare a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data Table Variable overhead cost variance Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance $ 375 F 540 U 680 U 632 F 25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adjusted with awhich indicates overhead was Print Done

Brookman Company reported the following manufacturing overhead variances. 囲(Click the icon to view the owerhead variances.) 24. Record the journal entry to adjust Manufacturing Overhead. 24. Record the journal entry to adjust Manufacturing Overhead. (Prepare a single compound joumal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data Table Fixed Overhead Cost Varlance Fixed Overhead Volume Variance Manufacturing Overhead Variable Overhead Cost Variance Variable Overhead Efficiency Variance Variable overhead cost vaiance Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 375 F 540 U 680 U 632 F 25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adjusted with a.which indicates overhead was Print Done

25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adjusted with awhich indicates overhead was credit debit

Brookman Company reported the following manufacturing overhead variances. ElB (Click the icon to view the overhead variances.) 24. Record the journal entry to adjust Manufacturing Overhead 25. Was Manufacturing Overhead overallocated or underallocated? 24. Record the journal entry to adjust Manufacturing Overhead. (Prepare a single compound journal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data Table Variable overhead cost variance Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance $ 375 F 540 U 680 U 632 F 25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adjusted with awhich indicates overhead was Print Done
Brookman Company reported the following manufacturing overhead variances. 囲(Click the icon to view the owerhead variances.) 24. Record the journal entry to adjust Manufacturing Overhead. 24. Record the journal entry to adjust Manufacturing Overhead. (Prepare a single compound joumal entry. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data Table Fixed Overhead Cost Varlance Fixed Overhead Volume Variance Manufacturing Overhead Variable Overhead Cost Variance Variable Overhead Efficiency Variance Variable overhead cost vaiance Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 375 F 540 U 680 U 632 F 25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adjusted with a.which indicates overhead was Print Done
25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adjusted with awhich indicates overhead was credit debit

Answers

Answer :-

24 ) :-

Date General journal Debit Credit
Variable Overhead Cost Variance $375
Fixed Overhead Volume Variance $680
Variable Overhead Efficiency Variance $540
Fixed Overhead Cost Variance $632
Manufacturing Overhead [ $540 + $632 - $375 - $680 ] $117
[ To adjust Manufacturing Overhead ]

25 ) :-

Manufacturing Overhead was adjusted with a Credit balance, which indicates overhead was under allocated.

.

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