At the end of 2016 before doing any closing entries what


Opeth Co. uses job order costing and uses two MOH accounts: MOH control and MOH allocated. For 2016, Opeth decided to use machine hours as its base for allocating MOH and estimated that it would use 50,000 machine hours that year. Before the year began, Opeth set a MOH rate of $25 per machine hour. During 2016 Opeth actually used 52,000 machine hours and actually spent 1,220,000 on MOH costs.

At the end of 2016, before doing any closing entries, what was the balance in Opeth's MOH control account?

Solution Preview :

Prepared by a verified Expert
Cost Accounting: At the end of 2016 before doing any closing entries what
Reference No:- TGS02900366

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)