Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: Flaco69 on Mar 30, 2023



Title: The following accounts are from last years books at Sharp Manufacturing:Raw ...
Post by: Flaco69 on Mar 30, 2023

The following accounts are from last year’s books at Sharp Manufacturing:

Raw Materials
DebitCredit
Balance0(b)157,200
(a)172,000
14,800
Work In Process
DebitCredit
Balance0(f)522,800
(b)133,600
(c)171,200
(e)218,000
0
Finished Goods
DebitCredit
Balance0(g)476,000
(f)522,800
46,800
Manufacturing Overhead
DebitCredit
(b)23,600(e)218,000
(c)27,600
(d)159,200
7,600
Cost of Goods Sold
DebitCredit
(g)476,000

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?



▸ $7,600 underapplied

▸ $7,600 overapplied

▸ $27,600 underapplied

▸ $27,600 overapplied


Title: Re: The following accounts are from last years books at Sharp Manufacturing:Raw ...
Post by: revanchist on Mar 30, 2023
Content hidden