Allocating overhead using a predetermined overhead rate
This problem reviews allocating overhead using a predetermined overhead rate. Terms such as budgeted overhead, applied overhead and actual overhead are discussed. The problem works through determination of the predetermined overhead rate, applying the rate and calculating the variance. For more help with accounting, please visit my website AccountingInFocus.com.
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Congrats and thanks Kristin. Very clear video with evergreen concepts
Thank you Kristin your explanation is clear, simple and straight forward. You make learning easy and I do appreciate it. Kudos!
Thank you for the easy explanation! Had a quiz today with overhead allocation and this video saved me.
I love how you take your time to explain everything ❤❤thank you so much
You have the most calming voice! Almost forgot how much trouble this was giving me😅.
Thank you. This clarifies a lot for me. I was given a similar homework assignment to this. And it was just confusing me. I don't get taught how to do this in my class.... I kind of have to figure everything on my own. The terms that the textbook uses is allocation for the base (such as direct labor hours). And uses the terms under or over allocated instead of applied.
it's very helpful. Thank you so much Kristin
... and you are a great teacher
Explained to my standards thanks
Thank you so much Madam it helped alot
Thank you so much!!
YOU ARE SO BEAUTIFUL AND VERY AFFECTING VOICE ❤
Thank you❤❤
Great video.....I am a current Accounting student and want to ask you a quick question regarding another name for "ACTUAL"......can this term also mean "Cost of Goods Sold"??
I like it. thanks a lot.
very helpful. thanks. but shouldn't the account debited and credited at the end be "manufacturing overhead" not cogs?
really helpful and clear delivery and could you teach me how to write an adjustment journal for the underapplied cogs in your example? that likes - Dr. Cost of goods sold - manufacturing overhead, 57,410 Cr. xxx?
Hey Kristin, I ran into a question on my homework: "How much of any underapplied or overapplied overhead would have been due to the fact that the estimated overhead costs were different from the actual?"
Isn't this supposed to be overhead account on B/S and once applied reallocated to WIP? You are showing that applied overhead is expensed immediately to COGS?
I know this is three years later, but can I ask something?