Business, 16.03.2020 16:57 selene29

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $300,000 for the year, and machine usage is estimated at 125,000 hours.

For the year, $322,000 of overhead costs are incurred and 130,000 hours are used.

Manufacturing overhead rate $Ikerd Company applies manufacturing overhead to jo per machine hour
Manufacturing Overhead $Ikerd Company applies manufacturing overhead to jo
Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

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Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead co...

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