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1.calculate the fixed moh spending, Production VV, and Under or overallocated fixed moh. ...

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Accounting

1.calculate the fixed moh spending, Production VV, and Under or overallocated fixed moh.
2.journal entries to enter variances into accounting system.
3. prepare journal entries to write off to COGS
additional information:
DL hours (based on output) 4000
MH (based on output) 21000
DL (actual) 4200
MH (actual) 21600
Fixed OH 101200
Variable OH 214000
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Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufacturing data for the year and actual data for November of the current year. The company applies overhead based on machine hours using a predetermined annual rate. Planning Data Data for Annual November November Fixed overhead $1,200,000 $100,000 Variable overhead $2,400,000 $220,000 Direct labor hours (actual) 4.200 Direct labor hours 48,000 4,000 Machine hours (actual) 21.600 Machine hours 240,000 22,000 Fixed overhead $101.200 Variable overhead $214.000

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