User Account

All Pages

What will be the correction entry to dispose

Assignment Help Managerial Accounting
Reference no: EM132556787

Question 1: A company allocates manufacturing overhead (MOH) by using both a MOH control account and a MOH allocated account. At the end of the year, the company determines that it has under-allocated. If the company uses the direct write-off method what will be the correction entry to dispose of the under-allocation.

a) debit MOH control; credit MOH allocated & COGS

b) debit MOH control & COGS; credit MOH allocated

c) debit MOH allocated; credit MOH control & COGS

d) More information is required

e) debit MOH allocated & COGS; credit MOH control

Reference no: EM132556787

Questions Cloud

Information relate to professional or personal life : How could the author expand on the results? Does the article's information relate to your professional or personal life? How?
What is the firm sustainable growth rate : Plank's Plants had net income of $6,000 on sales of $70,000 last year. The firm paid a dividend of $960. Total assets
Required external financing over the next year : What is the required external financing over the next year? (Enter excess cash as a negative number with a minus sign.)
Event affected ethical culture here in united states : How has this event affected the ethical culture here in the United States? What other affect has it had on society as a whole?
What will be the correction entry to dispose : Determines that it has under-allocated. If the company uses the direct write-off method what will be the correction entry to dispose of the under-allocation.
Describe three ways investors can meet margin calls : Describe three (3) ways investors can meet margin calls. Discuss which of these strategies Mark will most likely use
Yield on the preferred : You were hired as a consultant to XYZ Company, whose target capital structure is 32% debt, 12% preferred, and 56% common equity
Unethical in their professional lives : People who are unethical in their professional lives will be unethical in their personal lives as well.
Discuss the importance of a total quality management system : Discuss the importance of a Total Quality Management (TQM) system in a just-in-time (JIT) production system compared to a traditional production system.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd