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underapplied/overapplied overhead
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.underapplied/overapplied overhead the difference b/t[…]
Read more“LABOR COSTex: the employee time ticket included $60,000 for direct labor and $15,000 for indirect labor”,”work in process—-60,000manufacturing overhead—-15,000—-salaries &wages payable—-75
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Read more“DISPOSE OF UNDER/OVERAPPLIED OVERHEADex: overapplied by $5,000”,”1. close out to COGSCOGS—-5,000—-manOH—-5,0002. allocate amoung WIP, FG
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Read more“MANUFACTURING OVERHEAD- PROPERTYex: corporation recognized $13,000 in accrued property taxes and $7,000 in prepaid insurance had expired”,”manufacturing overhead—-20,000—-property taxes payable—-13,000—-prepaid insurance—-7
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“MANUFACTURING OVERHEAD- PROPERTYex: corporation recognized[…]
Read more“MANUFACTURING OVERHEAD- GENERALex: $21,000 in util, $16,000 in rent, and $3,000 miscellaneous OH”,”manufacturing overhead—40,000—accounts payable—40
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“MANUFACTURING OVERHEAD- GENERALex: $21,000 in[…]
Read morediscretionary fixed costs,”annual decisions by management to spend on certain fixed cost items. when changed in ST
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Read more“MANUFACTURING OVERHEAD- DEPRECATIONex: assume company recognizes $18,000 in depreciation”,”manufacturing overhead—-18,000—-accumulated depreciation—-18
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Read morerelevant range,”the range of activity within the assumption that the cost behavior is strictly linear is reasonably valid. Meaning, if a machine that cost $20,000 can only run 3,000 a year
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.relevant range,”the range of activity[…]
Read more“MANUFACTURING OVERHEAD TO WORK IN PROGRESSex: predetermined rate is $6 an hour and 10,000 machine hours were worked on job A and 5000 on job B”,”work in progress—-90,000—-manufacturing overhead—-90
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