Panguitch Company is closing its managerial accounting records for the year. During the year, manufacturing...
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Panguitch Company is closing its managerial accounting records for the year. During the year, manufacturing overhead has been UNDER-applied. The joumal entry to recoed closing of the manufacturing overbead accosant includes which ONE of the following? Assume that the company chooses the easiest method for the end-of-year cloning of the manufacturing overhead account. A DEBrT to Manufacturing Overhead A DEBIT to Finished Goods inventory A DEBrT to Work-in-Process inventory A DEBir to Cost of Goods Sold Kamili Company has the following three manufacturing overhead cost drivers. Kamili Cotnpany started and completed work on 25 different jobs during the yeat. One of these jobs was lob 2781 . job r781 required 16 design changes, 40 machine setups, and 700 kilowatt-hours of electricity. How moch manufacturing overhead should be allocated to lob 781 ? Note: Kamill uses activity-based costing: $2.860 $3,260 $3,080 53,580
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