MGAB03H3 Lecture Notes - Lecture 5: Finished Good, Income Statement, Icq
8 Oct 2015
School
Department
Course
Professor
Document Summary
5. 21 schedule of cost of goods manufactured, cost of goods sold, income statement . Job costing, over- and underapplied overhead, journal entries - shane"s shovels: notice that the company uses normal costing (overhead is allocated using an estimated rate). However, under normal costing the company is required to make an end-of-period adjustment for any overapplied or underapplied overhead. This means that the after-adjustment costs assigned to jobs completed will be actual cost: Total actual costs incurred: this month overhead was underapplied by _____________. This is the difference between total overhead costs of _____________ (indirect materials of _________ plus other manufacturing overhead incurred of ___________) and manufacturing overhead allocated of . 5. 34 analysis of wip t-account - jeeter company. 5. 37 cumulative exercise (chapter 4): job costing , special order, over- and underapplied overhead - vern"s van service. The overhead allocation rate is ,400/,000, or . 28 per labour dollar.
