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Chapter 17: Q. 10SE-b (page 940)
Question: The T-account showing the manufacturing overhead activity for Aliyah Corp. for 2018is as follows:
Manufacturing overhead
| 195,000 | 203,000 |
Requirements
2. What is the allocated manufacturing overhead?
The allocated manufacturing overhead is $203,000
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Journalize the following labor-related transactions for Portland Glass Creations at its plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid.
Distinguishing between job order costing and process costing
Would the following companies most likely use job order costing or process costing?
j. A manufacturer of tennis shoes
Question: Journalize the following transactions for Marge’s Sofas. Explanations are not required.
a. Incurred and paid Web site expenses, $2,000.
Selected cost data for Classic Print Co. are as follows:
Estimated manufacturing overhead cost for the year | $125,000 |
Estimated direct labor cost for the year | 78,125 |
Actual manufacturing overhead cost for the year | 116,000 |
Actual direct labor cost for the year | 67,000 |
Requirements
2. Prepare the journal entry to allocate overhead costs for the year.
Question: Why does the sale of a completed job require two journal entries? What are they?
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