
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
النسخة 2الرقم المعياري الدولي: 978-0077274993
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
النسخة 2الرقم المعياري الدولي: 978-0077274993 تمرين 30
Predetermined Overhead Rates
Bird Corporation estimates its manufacturing overhead to be $110,000 and its direct labor costs to be $200,000 for year 1. The actual direct labor costs were $50,000 for Job 301, $75,000 for Job 302, and $100,000 for Job 303 during year 1; the actual manufacturing overhead was $130,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates.
Required
a. How much overhead was assigned to each job during year 1
b. What was the over- or underapplied manufacturing overhead for year 1
Bird Corporation estimates its manufacturing overhead to be $110,000 and its direct labor costs to be $200,000 for year 1. The actual direct labor costs were $50,000 for Job 301, $75,000 for Job 302, and $100,000 for Job 303 during year 1; the actual manufacturing overhead was $130,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates.
Required
a. How much overhead was assigned to each job during year 1
b. What was the over- or underapplied manufacturing overhead for year 1
التوضيح
Job shops use predetermined rates to ass...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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