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Flaco69 Flaco69
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A year ago

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
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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revanchistrevanchist
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A year ago
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