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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