ADMS 2510 Lecture : chapter 3 solution manual of mangerial accounting.pdf

839 views31 pages
elihung and 39236 others unlocked
ADMS 2510 Full Course Notes
12
ADMS 2510 Full Course Notes
Verified Note
12 documents

Document Summary

* ,000 7,000 hours = per hour; 7,250 hours per hour = ,000. 270,000: overhead is overapplied for the year by ,400. Entry (n) above records the closing of this overapplied overhead balance to cost of goods sold. Raw materials : work in process 180,000. Rmb180,000 actual direct labor cost 165% = rmb297,000. 700,000: manufacturing overhead is overapplied by rmb7,000 for the year. Cost of goods sold (rmb700,000 - rmb7,000) Salaries and wages payable d. manufacturing overhead ,000 actual direct labor cost 175% = ,000 overhead applied: finished goods 720,000 (j: overhead is underapplied by ,000 for the year. The entry to close this balance to cost of goods sold would be: Cost of goods sold (,000 + ,000) *7,500 mh per mh = ,000. Entry (n) above records the closing of this underapplied overhead balance to cost of goods sold. Cost of goods sold (,000 + ,200)

Get access

Grade+
$40 USD/m
Billed monthly
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers
Class+
$30 USD/m
Billed monthly
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
7 Verified Answers

Related Questions