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andreev551 [17]

3 years ago

12

Bayer Company uses the periodic inventory system. Bayer Company sold goods on account with a retail price of $ 1 comma 800 and a

cost of $ 500. Which journal entry(ies) is(are) prepared?

1 answer:

kaheart [24]3 years ago

3 0

Answer:

1400[ add 1 +500+800=1400

Explanation:

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Litton Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the b

Minchanka [31]

Answer:

Overapplied overhead= $7,575

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,250,000 / 40,000

Predetermined manufacturing overhead rate= $31.25 per machine hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575

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Answer:

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How much cash flow an $400 000 investment can produce?

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