Terri Chichester_unit 3_ project_AC420

Terri Chichester_unit 3_ project_AC420 - Terri Chichester...

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Terri Chichester AC 420 Unit 3 – project 7/22/2011 Exercise 13. a. Expected OH = ($42,900 * 12) + ( $6 * 78,000) = $514,800 +$468,000 = $982,800 b. These are journal entries 5 and 6 to record overhead and then to apply overhead to work in process. (5)Manufacturing Overhead ……. . $128,550 Various Accounts ………………………………. $128,550 Predetermined OH rate = $982,800 / 78,000 = $12.60 per DL hour 6,390 DL hours * $12.60 per hour = $80,514 (6)Work in progress ……………. .$80,514 Manufacturing overhead………………$80,514 c. 6,390 DL hours / 1.5 = 4,260 units would be expected to be produced in January Exercise 14. a. January $180,000 * 250% = $450,000 February $165,000 * 250% = $412,500 March $170,000 * 250% = $425,000 B.
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Month Actual OH Applied OH Total Over/Under January $440,000 $450,000 $10,000 over February $420,400 $412,500 $7,900 under March $421,000 $425,000 $4,000 under Totals $1,281,400 $1,287,500 For January OH was over applied by $10,000, in both February and March overhead was under
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This note was uploaded on 11/14/2011 for the course AC420 420 taught by Professor Levine during the Fall '11 term at Kaplan University.

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Terri Chichester_unit 3_ project_AC420 - Terri Chichester...

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