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Author Question: ABC Manufacturing Inc. ends the month with two jobs still in progress. Job 5 has $10,000 of ... (Read 73 times)

gonzo233

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on: Mar 6, 2021
ABC Manufacturing Inc. ends the month with two jobs still in progress. Job 5 has $10,000 of materials, $2,000 of direct labor and $8,000 of manufacturing overhead allocated.  Job 6 has $30,000 of materials, $2,000 of direct labor and $12,000 of manufacturing overhead allocated.  The cost of goods sold for the month was $40,000 and there was no finished goods in stock as the month ended.  If the manufacturing overhead was underallocated by $10,000, which of the following choices would be the correct way to prorate it based on ending balances before proration?
◦ The entire $10,000 of underallocated manufacturing overhead should be allocated to cost of goods sold
◦ $4,000 of the underallocated manufacturing overhead should be split between Job  6 and cost of goods sold
◦ $2,000 of the overallocation should be allocated to Job 5
◦ The entire $10,000 of underallocated manufacturing overhead should be added to operating expenses for the month
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by gonzo233 on Mar 6, 2021

Sophiapenny

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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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gonzo233

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

nanny

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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