Answer:
Underapplied Manufacturing Overhead $23,000
Explanation:
Sawyer Manufacturing Corporation
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base 
= $300,000 ÷ 52,000 direct labor hours 
= 5.7 Approximately $6 per direct labor-hour 
Overhead over or underapplied Actual MOH
 = 365,000
 Applied MOH = $6 x 57000 = $342,000
 Underapplied Manufacturing Overhead = 365,000-342,000 = 23,000 
Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000
 
        
             
        
        
        
Answer:
Explanation:
The adjusting entry is shown below:
Deferred Subscription Revenue A/c Dr $12,000
             To Subscription revenue A/c $12,000
(Being the deferred subscription amount is adjusted)
The computation is shown below:
= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)
= 400 subscriptions × $90 × (4 months ÷ 12 months)
= $36,000  × (4 months ÷ 12 months)
= $12,000
The four months are reported from the September 1 to December 31
 
        
             
        
        
        
Answer:
account receivables 600 debit
     allowance for doubful account 600 credit
--to revert the write-off--
cash     600 debit
   account receivables 600 credit 
--to record the payment from Acme Inc--
Explanation:
The company will revert the write-off of Acme. Inc account and then record a collection as usual
We use the allowance account as previously the company did as follows:
allowance for doubful account 1,200 debit
   account receivables                   1,200 credit
to write-off the account. 
We reverse this by the amount paid by Acme which is 600
Then, we record receiving the cash (debit) and decreasing the account receivable (credit)
 
        
             
        
        
        
Answer: $124800
Explanation:
First, we have to calculate the ammortization expense which will be:
= $468000 / 10
= $46800
May 2019 = ($46800 × 8/12)
= $31200
December 2020 = $46800
December 2021 = $46800
Ammortization expense will now be:
= $31200 + $46800 + $46800
= $124800
 
        
             
        
        
        
Answer:
a. $21
b. $1,890,000
Explanation:
a. The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated  computer hours)
= $2,100,000 ÷ 100,000 hours
= $21
b. Now the applied overhead which equals to
= Actual computer hours  × predetermined overhead rate
= 90,000 hours × $21
= $1,890,000