16-7 - 167 1622 (1) Actual factory overhead incurred...

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Unformatted text preview: 167 1622 (1) Actual factory overhead incurred $260,000 Factory overhead applied (9,500 machine hours x $27) (256,500) Underapplied factory overhead $ 3,500 Assets = Liabilities + Stockholders' Equity Net Income Revenues -- Expenses Factory Overhead Cost of Goods Sold +$260,000 --$256,500 Bal $ 3,500 -- 3,500 -- +$3,500 (2) Actual factory overhead incurred $235,000 Factory overhead applied (8,900 machine hours x $27) (240,300) Overapplied factory overhead $ (5,200) Assets = Liabilities + Stockholders' Equity Net Income Revenues -- Expenses Factory Overhead Cost of Goods Sold +$235, 100 --$240,300 Bal -- $ 5,200 + 5,200 -- --$5,200 ...
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This homework help was uploaded on 04/08/2008 for the course ACC 102 taught by Professor Drucker during the Fall '07 term at Coastal Carolina University.

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