Cambridge manufacturing company applies manufacturing


Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $288,000 and machine hours to be 14,400. Actual manufacturing overhead and machine hours were $335,000 and 15,400, respectively.

Prepare the journal entries for overhead:

1) Record the application of manufacturing overhead to production.

2) Record the transfer of manufacturing overhead account balance to cost of goods sold.

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Financial Accounting: Cambridge manufacturing company applies manufacturing
Reference No:- TGS01005253

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