Adjusting entry for the over-applied overhead
Question:
Wallace Manufacturing has a $2,500 credit balance in Manufacturing Overhead at December 31. What is the adjusting entry for the over-applied overhead?
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In today's economy, there are a wide number of powerful companies who from all appearances control massive segments of different markets.
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Journalize the entries for the completion of the two jobs and the sale of Job 112.
Calculate the amount of applied overhead assuming direct labor costs were $28,000.
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