Overhead Acct - X Actual Overhead base Incurred (Step 2b)...

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Overhead Accounting 5 Basic Steps: 1. Develop a Predetermined Overhead Rate Predetermined OH Rate = Budgeted Overhead $ Budgeted Overhead Base 2. Measure a. ACTUAL levels of Overhead $ incurred, and b. ACTUAL Overhead Base incurred; 3. Apply Overhead to Work-in-process inventory Predetermined Rate (Step 1)
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Unformatted text preview: X Actual Overhead base Incurred (Step 2b) OVERHEAD APPLIED to WIP 4. Determine amount of Over/(Under) Applied Overhead Actual Overhead Incurred (Step 2a) Overhead Applied (Step 3) 5. Disposition the Over/(under) applied Overhead...
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This note was uploaded on 06/06/2011 for the course ACCT 226 taught by Professor Smith during the Spring '10 term at South Carolina.

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