Please explain how each answer was given with proof/work. 5. What...
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Please explain how each answer was given with proof/work.
5. What is overapplied or underapplied overhead? PROBLEM 2 (35 points) /16 Baker Corporation applies manufacturing overhead on the basis of direct labor-dollars. No jobs are in process at the beginning of the month. During the month the company worked on the following Under applicd 83,500 BIO 335,000 Job Number G11 2 $60.000 $9.000 X16 $10.000 Direct Labor Direct Materials Applied Overhead $15.000 6. What journal entry is required to dispose of the overhead variance assuming the variance is material? During the month Job B10 was completed and sold. Jobs G11 and X16 remain in WIP inventory at a total cost of $125,000. Actual overhead is $80,000. SHOW WORK! Partial credit for 6-8. No partial credit for 1-3/4 points for each of 1-7 and 7 points for 8. wlp logg cool ayol - 1. What is the predetermined overhead rate being used by Baker Corporation? - 150% of Direct Cosor Cast (-2 for 1.s) 2. What is the total cost of Job B10? OH 3,00 7. What journal entry is required to dispose of the overhead variance assuming the variance is immaterial? $132, sou cogs. 3,sou - on 3. What is the Direct Labor cost of Job GUI? 3,00 $ 6,000 4. What is the Direct Material cost of Job X16? 821,000
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