Overhead cost control account

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Reference no: EM131295472

Budgeted overhead of Compagny X was $100,000 fixed overhead plus variable overhead of $10/DL hour. Expected DL hours were 50,000, so that the estimated overhead rate was $12/DL hour. Actual DL hours totaled 40,000 for the year and actual overhead was $550,000. At the end of the year, WIP had $100,000, FG were $200,000 & CGS had the account balance of $ 1,700,000. Prepare the year-end entry to close the Overhead cost control account.

Reference no: EM131295472

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