
Over-applied
Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.
Requirement -1
To determine
We have to prepare journal entries for the various costs assigned in the given question from (a) to (e)
Requirement-2
To determine:
We have to determine revised value of fixed overhead and also to determine whether it is under applied or over applies and prepare a
Requirement-3
We have to prepare a revised
Requirement-4
We have to prepare income statement and
Requirement -5
To determine
We have to determine the impact of error of direct material wrongly charged on Income statement and Balance sheet.

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Chapter 19 Solutions
Fundamental Accounting Principles
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