Top Posters
Since Sunday
20
o
6
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
r
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
karotop02 karotop02
wrote...
Go to Answer
Posts: 73
Rep: 0 0
A month ago
Dusk Industries produces industrial convection ovens. For the year, management estimated that total manufacturing overhead would be $2,978,760. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 144,600 direct labor hours. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control:

Actual direct labor hours worked145,360
Actual overhead incurred$3,062,590
Finished Goods Inventory$525,600
Cost of Goods Sold$4,864,000

If Dusk closes the entire amount of under- or overapplied overhead to Cost of Goods Sold, what was the ending balance in that account?

▸ $4,780,170

▸ $4,947,830

▸ $4,795,826

▸ $4,932,174
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 4 times
1 Reply
Replies
Answer verified by a subject expert
patriciakim08patriciakim08
wrote...
#1
Posts: 76
Rep: 0 0
A month ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$4,932,174

$2,978,760 ÷ 144,600 = $20.60 per DLH; $20.60 × 145,360 = $2,994,416;
$2,994,416 − $3,062,590 = $68,174 underapplied; $4,864,000 + $68,174 = $4,932,174
1

Related Topics

karotop02 Author
wrote...

A month ago
This calls for a celebration Person Raising Both Hands in Celebration
derya1234
wrote...

Yesterday
this is exactly what I needed
apelton
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  308 People Browsing
 309 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 229
  
 169
  
 51