Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Luzadis company makes furniture using the latest

07/10/2021 Client: muhammad11 Deadline: 2 Day

Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine hours. The predetermined overhead rate was based on a cost formula that estimates $1,040,000 of total manufacturing overhead for an estimated activity level of 80,000 machine-hours. During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year Spoed 71.000 990.000 Machinebours Manufacturing overhead con Inventaries a year and Raw materials Work in proces includes overbeadsplied Finished goods ineludes overhead appliedot 107 $73, Cestf goods sold includes the appliedot s 11,000 156000 312.000 152.000 Required: 1. Compute the underapplied or overapplied overhead 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold Prepare the appropriate journal entry 3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold Prepare the appropriate journal entry 4 How much higher or lower wil net operating income befthe underapplied or overapplied overhead is allocated to Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Complete this question by entering your answers in the tabs below. Regedi Recured 2 Rered) Required Compute the under applied or overapplied overhead.
Required 1 Required 2 Required 3 Required 4 Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the balance in the manufacturing overhead account to the cost of goods sold account. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 3 >
We were unable to transcribe this image
$ 71,000 990,000 Machine-hours Manufacturing overhead COSE Inventories at year-end: Raw materials Work in process (includes overhead applied of $73,840) Finished goods includes overhead applied of $147, 680) Coat of goods sold (includes overhead applied of $701, 480) $ 11,000 $ 156,000 $ 312.000 $1,482,000 Required: 1. Compute the underapplied or overapplied overhead. 2. Assume that the company closes any underapplied or overapplied overhead to Cost of Goods Sold. Prepare the appropriate journal entry 3. Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry. 4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Process, Finished Goods, and Cost of Goods Sold rather than being closed to Cost of Goods Sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to work in Process, Finished Goods, and cost of Goods Sold rather than being closed to cost of Goods Sold? Net operating income will be if the overhead is allocated rather than closed antirely to cost of goods sold. < Required 3

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Finance Master
Smart Accountants
Coursework Help Online
WRITING LAND
Top Academic Guru
High Quality Assignments
Writer Writer Name Offer Chat
Finance Master

ONLINE

Finance Master

Give me a chance, i will do this with my best efforts

$26 Chat With Writer
Smart Accountants

ONLINE

Smart Accountants

I have read and understood all your initial requirements, and I am very professional in this task.

$21 Chat With Writer
Coursework Help Online

ONLINE

Coursework Help Online

I will cover all the points which you have mentioned in your project details.

$47 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$47 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

Give me a chance, i will do this with my best efforts

$23 Chat With Writer
High Quality Assignments

ONLINE

High Quality Assignments

Give me a chance, i will do this with my best efforts

$25 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Bohr model practice problems worksheet answers - Do managers matter - Discussion Topic - 12 types of intimacy - The garden club is designing a garden with 24 cosmos - Www chea org directories regional asp - Banning mobile devices in schools - Write notes on contemporary issues in management accounting - Red river college fees - Vcv long vowel words - Chapter 8 social stratification quizlet - Hltwhs002 follow safe work practices for direct client care - The aces of southern soul lamonts nightclub october 5 - Problem 3 2a financial accounting - Rough Draft Paper - Turning of the tassel script - Analyze State Employment Law - Courtesy hi lo lantern - Cover letter geology fresh graduate - Eugene fife goldman sachs - Does george really want lennie to go away - Need Powerpoint Presentation of 7 - 8 slides with NO Plagiarism - Why do organisms undergo cellular respiration - Navien 240a recirculation diagram - Perdue company purchased equipment on april - Excel 2019 In Practice - Ch 2 Independent Project 2-4 - Proof variance of geometric distribution - 0.25 mg in mcg - How many ram chips are necessary - Drown junot diaz full pdf - +64 9 912 7717 - For anyone - Crash celebrity airlines flight 82181 answer key - Summary Of attached case 1 page - Apply the moderate effect smartart style powerpoint - Scraped away eroded crossword clue - Man DN 4 - Masters in public sector management - Hobby circuits using led - Iso 9000 management review - Photoshop green screen tool - Conway heating and cooling mckinnon - Reflect on and improve own professional practice - Powder by tobias wolff guided reading answers - Gloria y samuel (comer) comida francesa. - 1/9 molong avenue highett - Health employees state award - Oedipus family tree worksheet - Jarden company has credit sales of $3.6 million - Robin williams core american values - 2 thessalonians chapter 2 summary - But mr adams lyrics - Part IV - The crucible literary analysis - Explain corporate motives for forecasting exchange rates - Jcb in india case study answers - Geophysics homework - Event management policy template - Discussion Question - Produce offspring crossword clue - What does a bimetallic strip consist of - Child observation paper for child development - Individual assignment 3 bio 101 - Repaso multi type activity instructions completa el siguiente resumen gramatical - Mastering what will improve your reading speed and comprehension - Clipsal lifesaver smoke alarm - General electric management team - Module 8 - Lecture Questions - EVIDENCE BASED PROJECT PROPOSAL - Rap battle 8 mile - The author to her book analysis - MeetMe vs Facebook - Richard longman peugeot engines - The consumer rises (WWII and Its Aftermath, Broadcast Networks & Early Pop Culture) - 25 abbey street leura - Module 02 Lab 02 - Powerade - Building code of australia bca ventilation requirements - What are the elements of informed consent - The traveling bra salesman's lesson answers - Htpp learn genetics utah edu content labs gel - Legislative initiative relating to psychology - Does proactive work for teens - Reality Checks on Strategy Recommendations - Caltex sae 30 oil - 00000 called me - Risk Prevention Policy - Tone of me talk pretty one day - Hatchet chapter 17 summary - Classify each of the following financial statement items - Choosing a Methodology - 6 regions of south carolina - Physiology and Pharmacology (Due 24 hours) - Toro desk 1500 x 750mm maple/grey - Virtual rat dissection worksheets - Juvenile court proceedings emphasize informality - Formal meeting agenda template - Business Conti Plan & Disaster Recovery Plan - Different types of motion with examples - Ionisation smoke alarm ei151tl replacement - The field of finance primarily studies