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The following accounts are from last years books at Sharp Manufacturing:Raw ...

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The following accounts are from last years books at Sharp Manufacturing:Raw ...

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

Raw Materials
Debit		Credit
Balance	0	(b)	154,000
(a)	164,000
	10,000

Work In Process
Debit		Credit
Balance	0	(f)	510,000
(b)	132,000
(c)	168,000
(e)	210,000
	0

Finished Goods
Debit		Credit
Balance	0	(g)	460,000
(f)	510,000
	50,000

Manufacturing Overhead
Debit		Credit
(b)	22,000	(e)	210,000
(c)	26,000
(d)	156,000
			6,000

Cost of Goods Sold
Debit		Credit
(g)	460,000

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?

▸ $6,000 underapplied

▸ $6,000 overapplied

▸ $26,000 underapplied

▸ $26,000 overapplied

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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