Question

one Review Chapters 1-3 Corporation uses a predetermined overhead rate based on direct labor hours to a ing overhead to jobs. The company's estimated manufacturing overhead is $3487 labor-hours. The company's direct labor wage rate is $25 per sted to $185.000, with an actual direct labor cost of Managerial Accounting Brianna Kudick Corporation use manufacturing overhead to jobs. Ti expected level of activity is 45,000 direct labor-hours. The compa hour Actual manufacturing overhead amounted to $185.000, with an actu $487.500. Determine whether MOH was over or underapplied. Kassidy Hayes Manufacturing Corporation uses a predetermined overhead rate based on dira hours to apply manufacturing overhead to jobs. Last year, the Corporation produced 85.500 UN presented the following costs (both actual and estimates) Beginning Ending Raw materials 29,000.00 31,000.00 Work in process 17,000.00 19,000.00 Finished goods 33,000.00 48,000.00 Additional information: Raw materials purchases 67,000.00 Direct labor cost 92,000.00 Manufacturing overhead cost incurred 60,000.00 Indirect materials included in manufacturing 8,400.00 overhead cost incurred Manufacturing overhead cost applied to Work in 59,000.00 Process Any underapplied or overapplied manufacturing overhead is closed out to the cost of goods sold. Prepared the schedule of cost of goods manufactured and Determined the adjusted Cost of Goods Sold Kassidy Hayes Manufacturing Corporation Schedule of Cost of Goods Manufactured Direct materials Direct labor Cost of goods manufactured Spring 2020 Page 7 of 8

Please answer either or question if you know how to do only one of them and not the other. I am really struggling with how to do this step by step. Thank you

Answer 1

Answer - then If there is a condition to solve either of one will solve question ist_of By| 9904_kyldick comp9.97 AL Brianna_Kuddick Corporation | Calulation of undevapplier or oven applied manufratyvling Overheads | We have to fist cakulate budgeted overheals then compare with actual to decile 1 Predetermined Overhead Role Predetermined Oueshead Role is the budgeted overheat rate which is estimehed at the begining of prodyction process. to estimate total costs that would be occurred during the perisha LILís Coluylated by Peedelyumiged_ : Budgeted manufactyving Overhey's overhead Rale direct labour Hours. In the question, it is given that Budgett Eshonatej Manufyatynog Overheads Bydgebed / Estimated direct labour Hours Direct labour Wage Role Actual manufaclyul ng Overhead Actual_Olteck_labour cost $_348250 45000 hours $25 per how $lesece $_487500 Pradeleunige overhead Ryle = $348750 45000 direct la bovu hours _ : $7.71_pen direct labaxw how

Now, we have to cglalgte budgeted overhead costs to Gohare with adyal overheyd__and decide whether overheater are overapplied or under applicd Bydgeled overhead costa_ Predele,miged Overhead Rate X Actual Laboyy Hours In question, we have we can calculate by: not given actual labour hours, byt Acheel labous Cost : Direct Labour Hoyv X wager Per Home $ 48700 ___:eirect_Labour Hour X $257 ..:Actyol labour Hovus : $ 487500 *25 Actual labour Hours : 19500 direct labour boyu i = labour Bydgeter overheat Rqt Coits $ 7.75 X - 1groo direct hours • $ IS),125 AMICS 1181125 .. Faclovy overhead Ac_ Partjulgus | Amt. Col . Proljulaus To cash A/c 18sooo by work-in- Process (Actupl overheads) coverhead Applied) by cast of Goods sold cunderapplied (eelancing figure) 185000 33875 185000

The factory overheads are underapplied by $33875 Because we can see that Brianna has incurred actuall 1$ 185600 overheads but it has incurred only $ Islas. It means that factory overheads are less incurred that the budgeted one