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atomicyoyo atomicyoyo
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A year ago

Heathcote Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:

Estimated total manufacturing overhead at the beginning of the year$ 546,000
Estimated direct labor-hours at the beginning of the year42,000direct labor-hours

Results of operations:

Actual direct labor-hours47,000direct labor-hours
Manufacturing overhead:
Indirect labor cost$ 152,000
Other manufacturing overhead costs incurred$ 454,000
Cost of goods manufactured$ 1,569,000
Cost of goods sold (unadjusted)$ 1,458,000

Manufacturing overhead is overapplied or underapplied by:

▸ $186,000 Underapplied

▸ $5,000 Underapplied

▸ $186,000 Overapplied

▸ $5,000 Overapplied
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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lingo94lingo94
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A year ago
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atomicyoyo Author
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A year ago
Helped a lot
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Correct Slight Smile TY
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this is exactly what I needed
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