e Edit View History Bookmarks People Window Help File a Phone Ins Asuion Bootcam

Question

e Edit View History Bookmarks People Window Help File a Phone Ins Asuion Bootcamp QuizC Cambridge Manx M Inbox (t)- x Cambridge Manufacturing Company applies manufacturing otal overhead cost to be $269,800 and machine overhead on the basis of machine hours. Al the beginning of the year, the company estimated its hours to be 14,200. Actual manufacturing overhead and machine hours wene $299,800 and 15.200 1.& 2. Prepare the joumal entries for overhead. (if no entry is required for a transaction/event, (If no entry is required for a transaction/event, select "No Journal Entry Required in the first accoun Record the actual manufacturing overhead cost incurred. 2 Record the application of manufacturing overheed to production 3 Record the transfer of manufacturing overhead account balance to cost of goods sold. 8 3 0

Explanation / Answer

1 Manufacturing overhead 299800          Cash 299800 2 Work in Process inventory 288800 =269800/14200*15200       Manufacturing overhead 288800 3 Cost of goods sold 11000 =299800-288800       Manufacturing overhead 11000

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