Accounting for manufacturing overhead Prestige woods manufactures jewelry boxes. the primary materials (wood, brass, and glass) and direct labor are…

Accounting for manufacturing overhead Prestige woods manufactures jewelry boxes. the primary materials (wood, brass, and glass) and direct labor are assigned directly to the products. Manufacturing overhead costs are allocated based on machine hours. data for 2018 follows:

Estimated Actual

Machine hours 27,000 hours 32,100 hours

Maintenance labor(repairs to equipment)$17,000$23,500

plant supervisors salary 48,00050,000

Screws, nails, and glue 28,00045,000

Plant utilities 44,00092,850

Freight out37,00049,500

Depreciation on plant and equipment85,40083,000

advertising expense 46,00053,000

Requirements.

  1. Compute the predetermined overhead allocation rate. Round to two decimal places.
  2. Post actual and allocated manufacturing overhead to the manufacturing overhead T-account.
  3. Prepare the journal entry for underallocated or overallocated overhead.
  4. The predetermined overhead allocation rate usually turns out to be inaccurate .Why don’t accountants just use the manufacturing overhead rate?
Calculate your essay price
(550 words)

Approximate price: $

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)
Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more