Corporation applies manufacturing overhead on the basis of

Assignment Help Accounting Basics

Reference no: EM13481988

Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $103,000 and 3,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $105,000 and the actual direct labor-hours were 3,800.

Instructions: 1.) If rounding is required, then round your answer to the nearest whole dollar. Rounding, if applicable, should not be done until a final answer is reached. 2.) Omit the "tiny_mce_markerquot; sign in your response. Do not use brackets for negative numbers. Use a minus sign for underapplied amounts and no sign for overapplied amounts. Overhead for the year was overapplied (+) or underapplied (-) by how much?

Reference no: EM13481988

Questions Cloud

The statement of retained earnings areports how retained : the statement of retained earnings a.reports how retained earnings changes at a point in time b. reports how retained

Williams corporation purchased a depreciable asset for : 1.failure to record amounts earned for services provided to customers but not yet paid results in which of the

Marian mosely is the owner of mosely accounting services : marian mosely is the owner of mosely accounting services. which accounting principle requires marian to keep her

Explain how reported accounting numbers might affect an : explain how reported accounting numbers might affect an individuals perceptions and actions. cite two examples. ca1-7

Corporation applies manufacturing overhead on the basis of : corporation applies manufacturing overhead on the basis of direct labor-hours. at the beginning of the most recent year

Alexia corporation was organized on january1 2012 it is : alexia corporation was organized on january1 2012. it is authorized to issue 10000 shares of 8 100 par value preffered

When you are preparing journal entries and the event is : when you are preparing journal entries and the event is 4000 in supplies were used how do you record that as a debit

Alexia corporation was organized on january1 2012 it is : alexia corporation was organized on january1 2012. it is authorized to issue 10000 shares of 8 100 par value preffered

Houston has a 27600 debt that she wishes to repay 4 years : houston has a 27600 debt that she wishes to repay 4 years from today she has 19553 that she intends to invest for 4

User Account

All Pages