Problem 5-55 Name:

In the gray-shaded cells, enter the appropriate amounts or formulas, or select the correct answer from
a drop-down list. An asterisk (*) will appear in the column to the right of an incorrect amount.

Budgeted Budgeted
1. Overhead / DLH = Rate
Overhead rate = ###

2. Direct materials ###

Direct labor ###
Applied overhead ###
Total cost ###

Account Debit Credit

3. ###
Lease Payable ###
Accumulated Depreciation ###
Wages Payable ###
Utilities Payable ###
Other Payables ###

###
###

4. Actual overhead ###

Applied overhead ###
Overapplied overhead ###

5. Normal cost of goods sold ###

Overapplied overhead ###
Adjusted cost of goods sold ###