Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect -...

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Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect - cost rate of

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Answer 1

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Correct answer---------(D) Overallocated by $500

Working

Indirect labor	$ 19,000.00
Plant factory rent	$ 26,000.00
Depreciation on plant machinery	$ 23,500.00
Total actual Overhead	$ 68,500.00
Overhead allocated (4600 x 15)	$ 69,000.00
Overhead Overallocated	$ 500.00

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Answer 2

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