Please explain through t accounts the following problem: Abernathy uses budgeted indirect cost rate. The amount allocated $200,000 was different from…

Please explain through t accounts the following problem:

Abernathy uses budgeted indirect cost rate. The amount allocated $200,000 was different from actual incurred $225,000.

Ending balances:

WIP $10,000

FG 20,000

COGS 170,000

What is journal entry used to write off the difference between allocated and actual overhead directly to COGS? Explain the answer below:

MOH allocated 200,000

COGS 25,000

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Please explain through t accounts the following problem: Abernathy uses budgeted indirect cost rate. The amount allocated $200,000 was different from… was first posted on September 13, 2020 at 8:23 pm.
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