Solution-How much should be pro-rated to work-in-process

How much should be pro-rated to work-in-process

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Reference no: EM132916262

Question - A manufacturer allocates (applies) MOH based upon machine hours. During the year, the manufacturer uses a $20 pre-determined (budget) MOH rate per machine hour. Actual MOH for the year is $220,000. Actual machine hours for the year appear below:

Hours

2,000 Incomplete jobs

3,000 Finished jobs (not sold yet)

5,000 Sold jobs

10,000 Total hours

At year end, the company closes the manufacturing over/under-allocated MOH to the relevant accounts based upon the allocated MOH in the accounts. For the closing entry, how much should be pro-rated to Work-in-Process?

Reference no: EM132916262

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How much should be pro-rated to work-in-process

Reference no: EM132916262

Reference no: EM132916262

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