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lovelyheart5337
09.07.2020 •
Business
If the factory overhead is overapplied, then the adjusting journal entry to close the factory overhead account includes a: (Check all that apply.)
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Ответ:
Hie, the question is missing a list of options;
However the important steps to approach the questions are explained below.
Overhead is Over-applied when : Applied Overheads > Actual Overheads
The amount of overapplied overheads usually adjust the Cost of Goods Sold as follows :
Cost of Goods Sold (debit)
Overheads (credit)
This entry ensures that the costs of sales are not understated !
Alternatively the over-applied overheads can be adjusted to the Cost of Sales and other Inventory balances at the end of the period in pro-rata (Weight of their total) as follows
Cost of Goods Sold (debit)
Finished Goods Inventory (debit)
Work in Process Inventory (debit)
Raw Materials Inventory (debit)
Overheads (credit)
Ответ:
100+210+380=690 + 312312312234234234324234234234234234234243242342342342342342342342342342342342342342