Mountain Peaks applies overhead on the basis of machine-hours and reports the following information: What is the journal entry to dispose of the over or underapplied overhead? Budget Actual Overhead...


Mountain Peaks applies overhead on the basis of machine-hours and reports the following information:



  1. What is the journal entry to dispose of the over or underapplied overhead?


Budget<br>Actual<br>Overhead<br>$350,000<br>50,000<br>$352,000<br>49,000<br>$210,000<br>$350,000<br>Machine hours<br>Direct materials<br>Direct labor<br>

Extracted text: Budget Actual Overhead $350,000 50,000 $352,000 49,000 $210,000 $350,000 Machine hours Direct materials Direct labor

Jun 09, 2022
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