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Mason Company and Rodd Company both

01 / 10 / 2021 Projects

This paper circulates around the core theme of Mason Company and Rodd Company both together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Mason Company and Rodd Company both

Mason Company and Rodd Company both apply overhead to the Work in Process Inventory account using direct labor hours. The following information is available for both companies for the year. Mason CompanyRodd Company Actual manufacturing overhead$145,000$223,700 Actual direct labor hours21,00022,000 Underapplied overhead12,500 Overapplied overhead23,000 Required:a.Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Per Direct Labor HourMason CompanyRodd CompanyPredetermined overhead rateb.Using T-accounts, record applied and actual overhead and the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial. Adjusting Entry for Mason Company:Manufacturing OverheadCost of Goods Soldadj.Adjusting Entry for Rodd Company:Manufacturing OverheadCost of Goods Soldadj.



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