Treatment of Manufacturing Overheads : The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit. For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads. When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads). Requirement1: The Actual manufacturing overheads incurred of Edith Corp.

Question

Want to see the full answer?

Answer 1

Question

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

To determine

Requirement 2:

The amount of overheads applied during the period.

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Cash flow cycle

Abc

None

Answer 2

Question

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

To determine

Requirement 2:

The amount of overheads applied during the period.

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

To determine

Requirement 2:

The amount of overheads applied during the period.

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

To determine

Requirement 2:

The amount of overheads applied during the period.

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

To determine

Requirement 2:

The amount of overheads applied during the period.

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Answer 6

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

Answer 7

Chapter 19, Problem S19.10SE

To determine

Treatment of Manufacturing Overheads:

The Manufacturing overheads are indirect cost not directly identified and assigned to product or cost unit rather applied to these cost units on the basis of pre-determined basis. Therefore, there is almost every chance of difference between actual overheads incurred and overheads applied to production or cost unit.

For the treatment of Manufacturing overheads, a separate manufacturing overheads account is maintained which is debited for the amount actually incurred while processing and credited for the amount applied on cost unit. The difference between the two amounts may be under-over applied overheads.

When the debit side of manufacturing account is more than the credit, there will be under applied overheads (as actual amount incurred is more than overheads applied) and when there is credit balance in account, it is over-applied overheads (as overheads applied is more than actual overheads).

Requirement1:

The Actual manufacturing overheads incurred of Edith Corp.

Answer 8

To determine

Requirement 2:

The amount of overheads applied during the period.

Answer 9

To determine

Requirement 2:

The amount of overheads applied during the period.

Answer 10

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Answer 11

To determine

Requirement3:

The Amount of under/ Over applied overheads amount.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 19 - Prob. 1QC Ch. 19 - When a manufacturing company uses direct...Ch. 19 - When a manufacturing company uses indirect...Ch. 19 - When a manufacturing company uses direct labor, it...Ch. 19 - What is Gell's predetermined overhead allocation...Ch. 19 - What is Gell's actual manufacturing overhead cost?...Ch. 19 - How much manufacturing overhead would Gell...Ch. 19 - What entry would Gell make to adjust the...Ch. 19 - A manufacturing company completed work on a job....Ch. 19 - Prob. 10QC

Concept explainers

Videos

Requirement 2:

The amount of overheads applied during the period.

Requirement3:

The Amount of under/ Over applied overheads amount.

Want to see the full answer?

Chapter 19 Solutions

Concept explainers

Videos

Requirement 2: The amount of overheads applied during the period.

Requirement3: The Amount of under/ Over applied overheads amount.

Want to see the full answer?

Chapter 19 Solutions

Requirement 2:

The amount of overheads applied during the period.

Requirement3:

The Amount of under/ Over applied overheads amount.