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At the start of Year 3, Crandall has two jobs not yet delivered to customers. Job AT-360 was completed on December IS, Year 2 Its scheduled to ship...

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. Crandall prorates any overapplied or underapplied overhead to Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process Inventory. How does one properly format journal entry to prorate the Overapplied or Underapplied Overhead calculated in requirement. As an allocation basis, use the direct labor hours in each account from Year 3.

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At the start at Year 3, Crandall has twe jabs net yet delivered te custemers- Jet: AT—EEEI was
cempleted en December 15, Year 2. It‘s scheduled te ship eut en January 21, Year 3. Jet:
AT—EES is still in progress- The prmetennined rate in ‘fear 2 1was $155 per direct Iaher—heur. Data on direct material costs and direct lat-er—heurs far these jabs in Year 2 was as fellews: — Jaw-am Jaw-355 Direct material cests $000,000 $04?,000
Direct laber—heurs 4,000 heurs 0,200 hours During Year 3, Grand all incurred direct material costs and direct laber—heurs fer all jebs
wedred in ”fear 3, including the cempletien et Jeb AT—El-EE, as tellews: Direct material cests $15,?30,000
Direct Iaher—heurs 150,000
Actual manufacturing mrerhead $13,310,400 Te cern pute the predetermined everhead rate, Crandall uses the previeus year‘s actual ever-
head rate. At fl'ie end of Year 3, three jehs had net been shipped- Data en these jet-s is as tellews: — was we new
Direct materials 5154,0EH] $224.51] $11 2,400 Direct laber—heurs 2,000 heurs 3,d00 hours ?,500 heurs

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