BettaFish Inc. applies factory overhead as follows: * Department Per Machine Hour Fabricating Spreading Packaging PIO P20 P30 Actual machine hours are: Fabricating - 2,000 hours Spreading - 1,500 hours Packaging - 3,000 hours The following additional data are provided: a The actual factory overhead expense for the period is P100,000. b. The ending balances of the inventories and cost of goods sold after the application of overhead 200,000 100,000 400,000 500,000 C. The over/(under) applied overhead during the period is considered material if at least 30% of are as follows: Raw Materials Work in Process Finished Goods Cost of goods sold actual factory overhead, What is the adjusted cost of goods sold after closing the under/ over application of factory overhead?

BettaFish Inc. applies factory overhead as follows: * Department Per Machine Hour Fabricating Spreading Packaging PIO P20 P30 Actual machine hours are: Fabricating - 2,000 hours Spreading - 1,500 hours Packaging - 3,000 hours The following additional data are provided: a The actual factory overhead expense for the period is P100,000. b. The ending balances of the inventories and cost of goods sold after the application of overhead 200,000 100,000 400,000 500,000 C. The over/(under) applied overhead during the period is considered material if at least 30% of are as follows: Raw Materials Work in Process Finished Goods Cost of goods sold actual factory overhead, What is the adjusted cost of goods sold after closing the under/ over application of factory overhead?

Name: BettaFish Inc. appliesfactory overhead as follows: *Department Per Ma
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Description: BettaFish Inc. appliesfactory overhead as follows: *Department Per Machine HourFabricatingSpreadingPackagingPI0P20P30Actual machine hours are:Fabricating- 2,000 hoursSpreading - 1,500 hoursPackaging - 3,000 hoursThe following additional data are pro

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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