5 The Manufacturing Overhead Applied account for Djos Domal Company had actual a

Question

5 The Manufacturing Overhead Applied account for Djos Domal Company had actual activity of $567 in indirect materials and supplies, $785 in in current year. The Manufacturing Overhead Applied account had a total of $4,600 in overhead applied during August. direct labor, and $3,455 in other overhead costs recorded in the account at August 31 of the 1. What was the amount of overapplied or underapplied overhead for the m 1142. Prepare the journal entry to close the related overhead accounts Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 What was the amount of overapplied or underapplied overhead for the month of August? (Input all amounts as positive values.) overhead for August is Required 2 >

Explanation / Answer

1) Actual overhead = 567+785+3455 = 4807

Applied overhead = 4600

Under applied overhead = 4807-4600 = 207

2) Journal entry :

Date accounts & explanation debit credit Aug 31 Cost of goods sold 207     Manufacturing overhead 207 (To record close under applied overhead)

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