Calculate the unknowns for the following independent situations.
1)Selected data for Lion Corporation:
Allocated manufacturing overhead is based on 50% of direct labor cost.
a)Calculate the allocated manufacturing overhead cost.
b)Calculate the direct labor cost.
2)Selected data for Tiger Corporation:
Manufacturing overhead is allocated at $15 per machine hour.
a)Calculate the allocated manufacturing overhead cost.
b)Calculate the number of machine hours incurred.

Question

Calculate the unknowns for the following independent situations.
1)Selected data for Lion Corporation:
  Allocated manufacturing overhead is based on 50% of direct labor cost.
a)Calculate the allocated manufacturing overhead cost.
b)Calculate the direct labor cost.
2)Selected data for Tiger Corporation:
  Manufacturing overhead is allocated at $15 per machine hour.
a)Calculate the allocated manufacturing overhead cost.
b)Calculate the number of machine hours incurred.

Quizplus · Accepted Answer

The Answer of Calculate the unknowns for the following independent situations.
1)Selected data for Lion Corporation:
  Allocated manufacturing overhead is based on 50% of direct labor cost.
a)Calculate the allocated manufacturing overhead cost.
b)Calculate the direct labor cost.
2)Selected data for Tiger Corporation:
  Manufacturing overhead is allocated at $15 per machine hour.
a)Calculate the allocated manufacturing overhead cost.
b)Calculate the number of machine hours incurred.

Calculate the Unknowns for the Following Independent Situations