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