Business, 20.10.2021 23:40, brandonkelly104

Computing and recording over- or underapplied overhead LO P4 A company applies overhead at a rate of 180% of direct labor cost. Actual overhead cost for the current period is $1,151,000, and direct labor cost is $630,000.
1. Compute the under- or overapplied overhead.
2. Prepare the journal entry to close over- or underapplied overhead to Cost of Goods Sold.
Required 1
Required 2
Compute the under- or overapplied overhead.
W
Factory Overhead
Required 1 Required 2 Compute the under- or overapplied overhead. W Factory Overhead Journal entry worksheet < A > Record the entry to close over- or underapplied overhead. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal

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Computing and recording over- or underapplied overhead LO P4 A company applies overhead at a rate...