This Test: 45 pts poss Gunter Company reported the followng manufacturing overhe

Question

This Test: 45 pts poss Gunter Company reported the followng manufacturing overhead variances E cick the icon to view the over ad vanances.) 24. Record the journal entry to ad Manufacturing Overhead. 25. Was Manufacturing Overhead erallocated or underallocated? 24. Recond the journal ontry to adjust Manufacturing Overthead. (Prepare a single compound joumal entry, Record debisfrst joumal entry table.) then credits. Select the explanation on the last line of the Date Accounts and Explanation Debit Credit Data Table Variable overhead cost variance Variable overhead efficiency variance Fxed overhead cost variance Fixed overhead volume variance $ 320 F 458 U 667 U 625 F 25. Was Manufacturing Overhead overallocated or underallocated? Manufacturing Overhead was adyasted with a -whch ndicates overhead was Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 3 6

Explanation / Answer

24) Journal entry to adjust manufacturing overhead (Amount in $)

25) Manufacturing overhead was adjusted with a credit amount of $180, which indicates overhead was overallocated.

Accounts and explanation Debit Credit Variable overhead efficiency variance 458 Fixed overhead cost variance 667 Variable overhead cost variance 320 Fixed overhead volume variance 625 Manufacturing overhead 180 (To record the adjustment in manufacturing overhead)

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