Predetermined Overhead rate $500,000/2000=$250 per billable hour overhead applie

Question

Predetermined Overhead rate $500,000/2000=$250 per billable hour overhead applied (based on 2050 hours) $250x2025 =$512,500. Under applied by $12,500 What would be the journal entry to dispose of the under applied over head? Predetermined Overhead rate $500,000/2000=$250 per billable hour overhead applied (based on 2050 hours) $250x2025 =$512,500. Under applied by $12,500 What would be the journal entry to dispose of the under applied over head? overhead applied (based on 2050 hours) $250x2025 =$512,500. Under applied by $12,500 What would be the journal entry to dispose of the under applied over head?

Explanation / Answer

COST OF GOODS SOLD 12500

MANUFACTURING OVERHEAD 12500

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