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Author Question: Schulz Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $266,400 ... (Read 120 times)

drink

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on: Mar 6, 2021
Schulz Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $266,400 and budgeted machine-hours were 18,500. Actual factory overhead was $287,920 and actual machine-hours were 19,050. Before disposition of under/overapplied overhead, the cost of goods sold was $560,000 and ending inventories were as follows:

Direct materials$ 60,000
WIP190,000
Finished goods250,000
Total$500,000

Required:
a.  Determine the budgeted factory overhead rate per machine-hour.
b.  Compute the over/underapplied overhead.
c.  Prepare the journal entry to dispose of the variance using the write-off to cost of goods sold approach.
d.  Prepare the journal entry to dispose of the variance using the proration approach.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by drink on Mar 6, 2021

fwbard

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Reply #1 on: Mar 6, 2021
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.
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drink

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
:D TYSM

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