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Unformatted text preview: For the bases of (1) Direct Material Cost and (2) Machine Hours , calculate the Est. Mfg. O/H Rate, and then apply it to the appropriate actual data given to arrive at the journal entry to charge applied overhead to the work-in-process. Record your journal entries in the format below. Account Description Debit Credit For DM Cost (1) Dr. Work-in-Process 147,000 Cr. Manufacturing Overhead 147,000 For Machine Hrs (2) Dr. Work-in-Process 148,400 Cr. Manufacturing Overhead 148,400 DM COST: 672,000/$800,000 = 84% DL COST: $672,000/$600,000 = 112% DL HOURS: $672,000/40,000 = 16.80/Hr MACH HRS: $672,000/120,000= 5.60/Hr BUS 120: Financial Accounting Extra Credit Quiz DM COST Actual: $175,000 * .84 = 147,000 MACH HRS Actual: 26,500 * 5.6 = 148,400 2...
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This note was uploaded on 06/26/2009 for the course ACC 400 taught by Professor Kim during the Summer '08 term at Grossmont.
- Summer '08
- Managerial Accounting