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Home Q & A Board Other Fields Homework Help Business Accounting
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karotop02 karotop02
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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
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Managerial Accounting

Managerial Accounting


Edition: 4th
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patriciakim08patriciakim08
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$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
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