Chapter 7, Problem 7.6BE

At what amount should the company's inventory be reported on the balance sheet

Provide accounting answer

General accounting question

I need help with this general accounting question using the proper accounting approach.

Bentley Enterprises estimated manufacturing overhead for the year at $420,000. Manufacturing overhead for the year was overapplied by $25,000. The company applied $380,000 to Work in Process. The amount of actual overhead would have been_____.

I need help with this general accounting question using standard accounting techniques.

None

At the high level of activity in July, 9,500 machine hours were run, and energy costs amounted to $28,500. In January, a month of low activity, 4,200 machine hours were run, and energy costs totaled $16,800. Using the high-low method, what is the estimated fixed cost element of energy costs?

The following data relates to the mixed costs incurred by Stalin Corporation