Question

how do i calculate?

Storm Valle Home Concert Promotions Builders $ 7,100 Actual indirect materials costs $11,200 Actual indirect labor costs 46,100 49,100 55,400 17,600 91,800 Other overhead costs Overhead applied 98,100 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Factory OH Factory OH GJ Storm GJ Valle Storm Valle Determine whether overhead is overapplied or underapplied Factory Overhead-Storm

Answer 1

Avaut 13 91800 Answer: a) Determination of whether overhead is over applied or cenderopplied. Factory Overhead storm particulars amount particulars Indirect materiale $11,900 Applied Overhead $91,800 Indirect Labor. $554001 other overhead costs $17.600 Total 84200 Total . Tover Applied $7600 :: Over applied over head is $7600. Journal entry. ate particulars credit Factory overhead Ac Ar $7600 To cost of goods sold $7600 b) valle Home buildings. Factory overhead-value home builders particulars amount particulars amount Indirect materials $7100 Applied Overhead 498,100 Indirect Labor $ 46,100 over overhead cost $49,100 - Total $102,300 Total 1598,100 cender applied ovechead $4,200 .. under applied overhead is $4200 Journal entry Date particulars LA Debit Credit Cost of goods sold Ale $4,200 To Factory overhead $4200. PM