Date
Accounts
d. Manufacturing Overhead
Utilities Payable (or AP)
Accumulated Depreciation
Debit
Credit
32,000
e. $85,000 of manufacturing overhead was allocated to specific jobs. Record the entry.
Journal Entry
Date
Accounts
e. Work in Process Inventory
Manufacturing Overhead
12,000
20,000
Debit
Credit
85,000
85,000
Requirement 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much?
During January, actual manufacturing overhead costs totaled 85000 By the end of January, a total of
had been allocated to jobs. Therefore, manufacturing overhead had been underallocated
145000
by
I