Budgeted sales revenue $ 205,000 Actual manufacturing overhead 364,000 Budgeted machine hours (based on practical capacity) 20,000 Budgeted direct-labor hours (based on practical capacity) 20,000 Budgeted direct-labor rate $ 13 Budgeted manufacturing overhead $ 336,000 Actual machine hours 11,000 Actual direct-labor hours 18,000 Actual direct-labor rate $ 16 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Work-In-Process   364,000 debit

    Factory Overhead     364,000 credit

--actual costing--

Work-In-Process   184,800 debit

    Factory Overhead      184,800 credit

--with a predetermined overhead rate--

Explanation:

If we do an actual costing then, we post into WIP the actual overhead cost.

If we do it with a predetermined overhead rate then:

$336,000 expected overhead / 20,000 machine hours = $16.8

Now, the applied overhead will be this rate times the machine hours used:

$ 16.8  x 11,000 machine hours =  $  184,800

don't be her freind because that peson is egnoring you so don't be her freind

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough