This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Daniel Company uses a job cost system. The overhead account shows a $4,500 overallocated balance at ... (Read 46 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jan 4, 2020
Daniel Company uses a job cost system. The overhead account shows a $4,500 overallocated balance at the end of the year. Actual overhead incurred was $95,000. Other balances are:

Ending raw materials $10,000
Work in process inventory at end of year 30,000
Finished goods inventory at end of year 45,000
Cost of goods sold for year $275,000

The entry to close manufacturing overhead would include a
◦ debit to manufacturing overhead for $4,500.
◦ credit to manufacturing overhead for $4,500.
◦ credit to cost of goods sold for $4,500.
◦ debit to cost of goods sold for $4,500.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bcretired on Jan 4, 2020

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jan 4, 2020
Wow, this really help

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

How the immune system fights a viral infection How the immune system fights a viral infection
General representation of the autonomic nervous system. General representation of the autonomic nervous system.
Different Classifications of Solar System Objects Different Classifications of Solar System Objects
Model of a nursing clinical decision support system Model of a nursing clinical decision support system
The Renin-Angiotensin System The Renin-Angiotensin System
Events in human fertilization. The light micrograph shows a fertilized human oocyte. Events in human fertilization. The light micrograph shows a fertilized human oocyte.
Video: Introduction to Autism

For a complete list of videos, visit our video library