ACCOUNTING W/WILEYPLUS NEXGEN >LL<
ACCOUNTING W/WILEYPLUS NEXGEN >LL<
7th Edition
ISBN: 9781119494904
Author: Kimmel
Publisher: WILEY
Question
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Chapter 4, Problem 18E

(a)

To determine

Prepare the adjusting entries of Company G for the year ended December 31, 2017.

(b)

To determine

Prepare the journal entries involving cash transaction of Company G for the year ended December 31, 2017.

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Auburn Co., a graphic design agency, applies overhead to jobs based on direct professional labor hours. Overhead was estimated to be $245,000, direct professional labor hours were estimated to be 25,000, and direct professional labor cost was projected to be $400,000. During the year, Auburn incurred actual overhead costs of$218,600, actual direct professional labor hours of 21,800, and actual direct labor costs of $362,000. By year-end, the firm's overhead was ___.
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Chapter 4 Solutions

ACCOUNTING W/WILEYPLUS NEXGEN >LL<

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