Do not give answer in image formate Applied vs. Actual Manufacturing OverheadSloan Manufacturing Corporation applies manufacturing overhead on the basis of 120% of direct labor cost. An analysis of the related accounts and job order cost sheet indicates that during the year total manufacturingoverhead incurred was $105,000 and that at year-end Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold included $15,000, $10,000, and $75,000, respectively, of direct labor incurred during thecurrent year.a. Determine the over-applied manufacturing overhead at year-end (assume it is significant).Applied Manufacturing OverheadWork in process $Finished goodsCost of goods soldTotal:52,80035,200264,000352,000$Over-applied manufacturing overhead $b. Prepare a journal entry to record the disposition of the over-applied manufacturing overhead.General JournalDescriptionManufacturing overhead ◆Work in process inventoryFinished goods inventoryCost of goods sold◆Debit24,00024,000000Credit03,6002,40018,000

Name: Do not give answer in image formate Applied vs. Actual Manufacturing O
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Do not give answer in image formate Applied vs. Actual Manufacturing OverheadSloan Manufacturing Corporation applies manufacturing overhead on the basis of 120% of direct labor cost. An analysis of the related accounts and job order cost sheet indica