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3 years ago

Storm Concert Promotions Valle Home Builders

Business

1 answer:

KIM [24]3 years ago

6 0

Answer:

<u><em>Storm Concert Promotions</em></u>

It was overapplied as the amount appliued exceed the actual overhead cost so we decrease the cost of good.

manufacturing overhead 3,200 debit

COGS 3,200 credit

<u><em>Valle Home Builders</em></u>

It was underapplied as the amount applied was below the actual overhead cost. We must increase the cost of our good sold to recognize the extra cost.

COGS 1,200 debit

manufacturing Overhead 1,200 credit

Explanation:

Storm Concert Promotions

Actual indirect materials costs 22,000

Actual indirect labor costs 46,000

Other overhead costs <u> 17,000 </u>

Total overhead 85,000

Overhead applied 88,200

Overapplied overhead 3,200

Valle Home Builders

Actual indirect materials costs 12,500

Actual indirect labor costs 46,500

Other overhead costs <u> 47,000 </u>

Total overhead 106,000

Overhead applied 105,200

Overhead underapplied 1,200

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