2. In 2019, the Creighton Agricultural Products Company used a predetermined manufacturing overhead rate of 150% times direct labor cost. Information for the year is as follows: Actual direct materials cost $812,500 Actual direct labor cost Actual overhead costs incurred: Total direct labor hours $180,000 $264,000 5,520 What is the amount of the adjustment to COGS required due to the over or under allocation of overhead costs. A. None of the choices B. $5,900 C $4.300

The following information relates to Jarden Industries for fiscal 2020, the company's first year of operation: Units produced Units sold Units in ending inventory Fixed manufacturing overhead Calculate the amount of fixed manufacturing overhead that would be expensed in 2020 using full costing. (Round fixed manufacturing overhead per unit to 2 decimal places, e.g. 15.25 and final answer to O decimal places, e.g. 125.) Fixed manufacturing overhead expensed $ Calculate the amount of fixed manufacturing overhead that would be expensed in 2020 using variable costing. 150,000 120,000 30,000 $900,000 Fixed manufacturing overhead expensed $ Calculate the amount of fixed manufacturing overhead that would be included in ending inventory under full costing and reconcile it to the difference between parts a and b. Fixed manufacturing overhead in ending inventory $ FMOH expensed under variable costing FMOH expensed under full costing Difference 1

During 2019, Sheridan Company expected Job no. 59 to cost $200000 of overhead, $500000 of materials, and $100000 in labor. Sheridan applied overhead based on direct labor cost. Actual production required an overhead cost of $195000, $660000 in materials used, and $310000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead? $5000 overapplied $5000 underapplied $425000 overapplied $425000 underapplied

Q.1.(b) For Karim Company, the predetermined overhead rate is 145% of direct labor cost. During the month, Karim incurred OMR90,000 of factory labor costs, of which OMR82,000 is direct labor and OMR8,000 is indirect labor. Actual overhead incurred was OMR109,000. (i) Compute the amount of manufacturing overhead applied during the month. (ii) Determine the amount of under- or overapplied manufacturing overhead. (iii) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.