Answered: Star Promotions 1-a. Determine whether…

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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Exercise 15-25 (Algo) Closing over- or underapplied overhead LO P4

	Star Promotions	Valle Builders
Indirect materials	$ 12,300	$ 7,000
Indirect labor	56,200	46,100
Other overhead	17,200	49,900
Overhead applied	93,000	98,800

Star Promotions

1-a. Determine whether overhead is overapplied or underapplied.
1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.

Valle Builders

2-a. Determine whether overhead is overapplied or underapplied.
2-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.

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The table inputs are still wrong..........

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Complete this question by entering your answers in the tabs below.
Req 1A
Applied overhead
9144
Reg 1B
Determine whether overhead is overapplied or underapplied.
Factory Overhead-Star
85,700 x
Overapplied overhead
f10
7 9
Req 2A
76.400
f11
Reg 26
9,300 Other overhead
< Prev 6 of 10 E
f12
94°F
+
Reg 18
Next >
24
insert
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Reg 1A
Applied overhead
9 144
Reg 24
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Determine whether overhead is overapplied or underapplied.
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Factory Overhead-Valle
10.300 X
N
Rag 20
f11
98,800 Other overhead
Reg 18
Overapplied
overhead
< Prev 6 - 10
6 of 10 # Next >
f12
3 94°F ~ G
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Req 28 >
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8:52 PM
7/20/2022
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Follow-up Question

poter 15 Homework
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03:37:04
eBook
Hint
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#
ezto.mheducation.com/ext/map/in... Q 12 ✰ ✰ ✰ ☐ :
Indirect labor
Other overhead
Overhead applied
56,200
17.200
93,000
Reg 1B
X
Star Promotions
1-a. Determine whether overhead is overapplied or underapplied.
1-b. Prepare the Journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Valle Builders
Complete this question by entering your answers in the tabs below.
Saved
2-a. Determine whether overhead is overapplied or underapplied.
2-b. Prepare the Journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Req 2A
46,100
49.900
98,888
< Prev
Determine whether overhead is overapplied or underapplied.
Factory Overhead-Star
G
Reg 20
6 of 10 ⠀⠀⠀
94°F
Help Save & Exit Submit
Req 1B >
Next >
Check my work
O (54)
8:21 PM
7/20/2022
3

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Follow-up Question

Question 1-a. says to determine whether overhead is overapplied or underapplied. It is also formatted as a table, but I can't translate the answer you provided into the table...

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