Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's
predetermined overhead rate of $250 per machine-hour was based on a cost formula that estimates $213.200 of total manufacturing
overhead for an estimated activity level of 82.000 machine-hours
required:
1. assume that during the year the company works only 77,000 machine-hours and incurs the following costs in the manufacturing
overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year
and make the entry in your t-accounts
2a compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing
overhead t-account
28. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold
complete this question by entering your answers in the tabs below.
compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your accounts
manufacturing overhead
work in process
mi nce
23.000 330.027 )
mates
730.000
tabor
92.000
165000
292
s8
tes
34000
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