Business College

Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:

Answers

Answer 1

Answer: Debit MOH and credit cost if goods sold by 5330.

Explanation:

From the question, we are given the following information:

Overhead rate = $15 per direct labor hour

Direct labor hour incurred = 9,200

Manufacturing overhead cost incurred $132,670

We will then calculate the value for the applied manufacturing overhead which will be the direct labor hour incurred multiplied by the predetermined overhead rate. This will be:

= 9,200 x 15

= $138,000

Then, we have to calculate the overapplied manufacturing overhead which will be:

= $138,000 - $132,670

= $5,330

The journal entry will then be:

Debit: Manufacturing overhead (MOH) $5330

Credit: Cost of goods sold $5330

Related Questions

Other Questions
Give reason to show that Nature like a mother is 1. active 2. strong 3. intresting Why does the narrator say, ''the Emancipation Proclamation is the second Declaration of Independence Sally has been experiencing a migraine for two days. She cannot take the pain any more and tries hermoms prescribed extra strength ibuprofen. is this USE or MISUSE? how did this change in law affect southern plantation owners? do yall know this one? how was Parliament able to winthe Civil War brainliest for ripromano please anybody else dont answer Balance this equation. Not all spots have to have a number.____Na(s) + ____H2O(g) ____NaOH(s) + ____H2 (g) someone please answerrrrrr what is the distance between (-1, 2) and (5, -2)on a graph put into a decimal form. Which choice states the rhetorical appeal that the passage uses? The passage appeals to logos. The passage appeals to ethos. The passage appeals to pathos. The passage appeals to argument. A hot piece of copper is placed in water in an insulated cup. What is the finaltemperature of the water and copper?(Useme AT: + copperfcoppe, Acoppe: = 0]m = 0.50 kg water = 4.18 kJ/kg-'c,m.copper = 0.50 kg, Cropper = 0.386 kJ/kg-C, Ti copper = 115CTower = 22CO A. 30CB. 45CO C. 39CO D. 52C What is:a panel interviewa group interviewa formal interviewa informal interview which word is used incorrectly Most students think of Christopher Columbus as the first European tovisit North America. There is evidence, though, that other explorersvisited first. For example, in eastern Canada, researchers have foundproof of very early explorers from Iceland. It's a discovery with animportant affect on our understanding of history.A. ThereB. affectC. It'sD. proof On a sunny spring day, a student is playing on a game board painted on the concrete at a school playground. The student notices that an areapainted white is cooler than an area painted dark blue.Why is the white area cooler than the dark blue area?A. The white area has reflected more light energy than the dark blue area.B. The white area has absorbed more light energy than the dark blue area.C. The white area has radiated more infrared energy than the dark blue area.D. The white area has absorbed more infrared energy than the dark blue area. Name the two extremists according to MLK Jr. 10points Hi can someone help me out. This is due by the end of the day. 4x + 5y = 227x - 3y = -32 The price listed for 4 dinner plates at a home store is $23.88. What amount will Jane need to pay, if she decides to purchase 10 such dinner plates? 9) 8.081 ++ 0.6 = 10.20110)- 3.328 = 0.96