Applied vs. Actual Manufacturing Overhead Davis Manufacturing Corporation applies manufacturing overhead on...
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Accounting
Applied vs Actual Manufacturing Overhead
Davis Manufacturing Corporation applies manufacturing overhead on the basis of of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturing overhead incurred was $ and that at yearend Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold included $ $ and $ respectively, of direct labor incurred during the current year.
a Determine the under applied manufacturing overhead at yearend assume it is significant
Applied Manufacturing Overhead
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Finished goods Answer
Cost of goods sold Answer
Total: Answer
Underapplied manufacturing overhead $Answer
b Prepare a journal entry to record the disposition of the underapplied manufacturing overhead.
General Journal
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