February 24, 2017

Homework Help: accounting

Posted by john on Sunday, July 25, 2010 at 7:54pm.

Data provided:
Estimated manufacturing overhead cost for year....$93,000
Estimated direct labor cost for the year... $75,000
Actual manufacturing overhead cost for the year... $84,000
Actual direct labor cost for the year... $64,000

Requirements: 1. Compute the predetermined manufacturing overhead rate per direct labor dollar.
2. Prepare the journal entry to allocate overhead cost for the year
3. Use a T account to determine the amount of underallocated for manufacturing overhead
4. Make a journal entry to close manufacturing overhead account

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