1. Bridgewood Company produces two products: Standard espresso machines and Deluxe espresso machines. Bridgewood uses...
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Accounting
Bridgewood Company produces two products: Standard espresso machines and Deluxe espresso machines. Bridgewood uses a Product Costing system. Bridgewood uses a Normal Costing System and allocates overhead using an ActivityBased Costing system. The companys budgeted overhead and budgeted driver unit consumption pooled across products are as follows:
On Bridgewood completed setups for Deluxe espresso machines. On Bridgewood depreciated its production equipment in the amount of $ On Bridgewood engineers spent hours redesigning a component within Standard espresso machines. On Bridgewood paid $ for property taxes on its factory.
Assuming that the overhead variance is immaterial, prepare the journal entry to dispose of the companys overhead variance at
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