accounting problems part 2

Part a

330264/125100=2.64 per machine hour

Work in process may 31 units

WIP, May 31=460+1690-1400=750

B

What is the amount of under- or overapplied overhead at December 31?

Manufacturing Overhead

$ 47900   res_EAT_1315369278774_0_7169525332099598_005_resp_1

C. Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

Exercise 17-1

Predetermined overhead rate=estimated overhead/direct labor

303000/ (43000+102000) =208.97%

B

Compute the overhead rates using the activity-based costing approach. (Round answers to 2 decimal places, e.g. 12.25.)

Machining		$	per machine hour
Machine setup		$	per setup hour

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C- need to answer part be to get this questions

Exercise 16-1

The ledger of American Company has the following work in process account. Work in Process—Painting 5/1  Balance  3,890   5/31 Transferred out ? 5/31  Materials  6,590  5/31  Labor  3,230  5/31  Overhead  1,380        5/31  Balance  ? Production records show that there were 460 units in the beginning inventory, 30% complete, 1,690 units started, and 1,400 units transferred out. The beginning work in process had materials cost of $2,940 and conversion costs of $950. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Warning Don't show me this message again for the assignment Ok   Cancel

(a) How many units are in process at May 31? Work in process, May 31  units

Parts missing

B

C

D

E

47900

res_EAT_131536

Underapplied