Business, 15.01.2020 19:31 nadarius2017

Overhead variance (over- or underapplied), closing to cost of goods sold

at the end of the year, ilberg company provided the following actual information:

overhead $423,600
direct labor cost 532,000
ilberg uses normal costing and applies overhead at the rate of 80% of direct labor cost. at the end of the year, cost of goods sold (before adjusting for any overhead variance) was $1,890,000.

dispose of the overhead variance by adjusting cost of goods sold. adjusted cogs $

calculate the overhead variance for the year. $

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Overhead variance (over- or underapplied), closing to cost of goods sold

at the end of t...

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