Ch Storm Concert Promotions $11,300 Valle Home Actual indirect materials costs A
ID: 2528362 • Letter: C
Question
Ch Storm Concert Promotions $11,300 Valle Home Actual indirect materials costs Actual indirect labor costs Other overhead costs Overhead applied Builders $6,100 45,800 48,700 96,400 55,400 17,700 92,400 Storm Concert Promotions Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Valle Home Builders Determine whether overhead is overapplied or underapplied Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold Complete this question by entering your answers in the tabs below Factory OH Sto GJ Storm Factory OH Valle GJ ValleExplanation / Answer
Storm valle Home Concert Actual Overheads incurred Actual Indirect material cost 11300 6100 Actual Indirect labour cost 55400 45800 Other overheads 17700 48700 Total Overheads incurred 84400 100600 Less: Overheads applied 92400 96400 Under/ (Over) applied overheads -8000 4200 Over Under Storm Concert: Over-applied overheads : $8,000 Journal entry: Factory overheads Account Dr. 8000 Cost of Goods sold 8000 Valle Home: Under-aplied Overheads: $4,200 Journal entry: Cost of Goods sold Dr. 4,200 Factory Overheads Account 4200.00