Pad 3:31 PM edugen wileyplus.com Chattanoog... Insta gram H... What can l McKame

Question

Pad 3:31 PM edugen wileyplus.com Chattanoog... Insta gram H... What can l McKamey A..... Reset Pass... WileyPLUS Instagrama H ENTER EBACK NEXT RCES Exercise 15-13 Pure Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred Listed below are data for the current year. Estimated overhead $1,120,000 Actual overhead $865,920 Estimated decorator hours 40,000 Actual decorator hours 30,540 The company uses operating overhead n place of Manufacturing overhead. Compute the predetermined overhead rate Predetermined overhead rate s per decorator hour Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount entered. Do not indent manually.) Account Titles Determine whether the overhead was under or overapplied and by how much Overhead Click if you would like to show Work for this question n Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your Question Attempts: o of 3 used SAVE roR LATER SUBMIT ANSWER

Explanation / Answer

Predetermined overhead rate = $1120000 / 40000 = $28 per decorator hour

Journal entry:

Debit Goods in process $855120

Credit Overhead Applied   $855120

Overhead underapplied = 865920 - 855120 = $10800 (underapplied)

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.