The following accounts are from last year\'s books at Sharp Manufacturing: 3 a M

Question

The following accounts are from last year's books at Sharp Manufacturing: 3 a Materiais Pinished Goods Bal 154,000 Bal 510,000 Bal 460,000 132,000 168,000 210,000 510,000 50,000 164,00 10,000 Manufacturing overhead Cost of Goods Sold 210,000 460,000 22,000 (e) 26,000 156,000 6, 000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year? Multiple Choice 56.000 underapplied $6,000 overapplied $26,000 underapplied $26,000 overapplied

Explanation / Answer

Actual overhead = 22000+26000+156000 = 204000

Applied overhead = 210000

Over applied overhead = Applied overhead-actual overhead

= 210000-204000

Overapplied overhead = 6000

so answer is b) $6000 over applied

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---