7. Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing...
7.
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Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 59,000 actual direct labor-hours and incurred $1,064,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 56,000 direct labor-hours during the year and incur $1,008,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: |
Homework Answers
Answer- The Corporation's manufacturing overhead cost for the year was under-applied by $2000.
Explanation- Predetermined overhead rate per hour for the year = Total estimated manufacturing overhead cost/ Budgeted direct labor hours
= $1008000/56000 hours
= $18 per hour
Actual manufacturing overhead incurred =$1064000
Manufacturing overhead applied = Predetermined overhead rate per hour*Actual direct labor hours
= $18 per hour*59000 hours
= $1062000
Under-applied manufacturing overhead = $1064000-$1062000
= $2000
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7.
Sawyer Manufacturing Corporation uses a predetermined overhead
rate based on direct labor-hours to apply manufacturing...
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