Question

Journal entry for over absorbed administrative overhead amount in non integrated accounts is

Answer 1

Answer:

Cost Control Accounts

Explanation:

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Answer 2

Answer:

Journal entry for over absorbed administrative overhead amount in non integrated accounts is Factory Overhead Control Account.

Explanation:

The expenses incurred in the manufacturing process, excluding the costs of direct labor and direct materials, are referred to as factory overhead. Typically, factory overhead is gathered into cost pools and distributed to the units produced during the time period. Journal entry for over absorbed administrative overhead amount in non integrated accounts is Factory Overhead Control Account.

• The topic is manufacturing overhead costs. The amount of indirect material, indirect labor, and indirect expenses incurred is deducted from it. The amount of recovered overhead is credited to this account.
• It is an accounting method whereby accountants keep separate ledgers for cost and financial accounts. In such a system, the cost accounts are limited to only recording transactions that are connected to the good or service being offered.
• There are two methods for keeping cost accounts current. An integrated system of maintaining accounts is one in which cost and financial records are kept together, whereas a non-integrated system is one in which the records are kept separately. Work-In-Process is the cost ledger's controlling account.
• The job cost sheet, which is the name given to every document in a cost ledger, contains all the expenses incurred to complete the job. The work-in-process account, not materials, cost of goods sold, or finished goods, is the controlling account for a job cost sheet.