Principles of Financial Accounting.
Principles of Financial Accounting.
22nd Edition
ISBN: 9780077632892
Author: John J. Wild
Publisher: McGraw Hill
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Chapter 19, Problem 4AP

1.

To determine

Ascertain the (a) predetermined overhead rate for 2015. (b) Total overhead cost applied to each of the six jobs during 2015. (c) Over- or underapplied overhead at year-end 2015.

2.

To determine

Prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold at the end of 2015 by assuming that any over- or underapplied overhead is not material.

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