Response to the following problem:
The following data pertain to the Oneida Restaurant Supply Company for the year just ended.
Budgeted sales revenue $205,000
Actual manufacturing overhead 336,000
Budgeted machine hours (based on practical capacity) 8,000
Budgeted direct-labor hours (based on practical capacity) 20,000
Budgeted direct-labor rate $13
Budgeted manufacturing overhead $364,000
Actual machine hours 11,000
Actual direct-labor hours 18,000
Actual direct-labor rate $17
Required: Prepare a journal entry to add to work-in-process inventory the total manufacturing overhead cost for the year, assuming
1. The firm uses actual costing.
2. The firm uses normal costing, with a predetermined overhead rate based on machine hours.