Answer the Following Questions Using the Information Below

question 25

Multiple Choice

Answer the following questions using the information below:
Because the Abernathy Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) was different from the actual amount incurred ($225,000) .

-What is the journal entry used to write off the difference between allocated and actual overhead using the proration approach?

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Definitions:

Multiple Audiences

The concept of addressing or catering to more than one distinct group of individuals, each with potentially different backgrounds, interests, or needs.

Personal Pronouns

Words used to substitute for specific names of people or things, typically indicating a particular person, place, or thing's grammatical case, number, and gender.

Executive Summary

A brief and comprehensive synopsis of a business document or proposal, highlighting its key points and conclusions.

Table of Contents

A list of titles, headings, or topics in a document, placed at the beginning to show its structure.