Solution-Was manufacturing overheads under applied or over

Was manufacturing overheads under applied or over applied

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Reference no: EM133072241

Question - ABC inc. produces small, custom earth-moving equipment for landscaping companies. Manufacturing overheads is allocated to work in process using an estimated overhead rate. During April, transactions for ABC included the following:

Direct materials issued to production $180,000

Indirect materials issued to production 30,000

Other manufacturing overheads incurred 250,000

Overhead allocated 225,000

Direct labour costs 75,000

Beginning and ending work in a process were both zero

What was the cost of jobs completed in April?

Was manufacturing overheads under applied or over applied? By how much.

Write out the journal entries for these transactions, including the adjustment.

Reference no: EM133072241

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Was manufacturing overheads under applied or over applied

Reference no: EM133072241

Reference no: EM133072241

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