Applied overhead = 9,000
Actual overhead = 4400+390+510+5700+750
= 11,750
So, the overhead is under allocated by 2,750
(11,750-9000)
Option B is the answer
XYZ Company uses job-order costing and has assembled the following cost data for the production and...
Job Order Costing Selected cost data for Vintage Print, Co. are as follows: Estimated manufacturing overhead cost for the year Estimated direct labor cost for the year Actual manufacturing overhead cost for the year Actual direct labor cost for the year $120,000 $100,000 S116,000 $76,000 1. Compute the predetermined overhead allocation rate per direct labor dollar 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated...
Right Manufacturing Co. assembled the following cost data for job order #30: E (Click the icon to view the cost data.) What are the total manufacturing costs for job order #30 if the company uses normal job-order costing? i Cost Data X Х A. $190,800 B. $188,400 C. $192,100 D. $190,600 $ 105,000 9,000 Direct manufacturing labor Indirect manufacturing labor Equipment depreciation Other indirect manufacturing costs Direct materials 1,300 Indirect materials 1,600 70,000 3,700 1,500 Manufacturing overhead overapplied Print Done...
Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories direct materials and direct manufacturing laborand one Indirect cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2020 (Click the icon to view the manufacturing overhead cost information for 2020.) The following information is available as of December 31, 2020 (Click the icon to view the information.) Requirement Calculate the underallocated or overallocated manufacturing overhead at...
Filex Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $18 per direct labor-hour. The following data are obtained from the accounting records for June 2014: Direct materials $140,000 Direct labor (4,000 hours @ $10/hour) 40,000 Indirect labor 13,000 Plant facility rent 30,000 Depreciation on plant machinery and equipment 22,500 Sales commissions 24,000 Administrative expenses 28,000 For June 2014, manufacturing overhead is _____? Underallocated by $6,500 Underallocated...
Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: $ 475,000 $ 476,000 $ 640,000 Raw materials purchased on account Raw materials (all direct) requisitioned for use in production Direct labor cost Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Cost of goods manufactured Cost of goods sold (unadjusted) $ 174,000 $ 498,000 $1,469,000 $1,430,000 What is the journal entry to record the direct and indirect...
Sturdy Manufacturing Co. assembled the following cost data for job order #23: Direct Manufacturing labor $80,000 Indirect Manufacturing labor 12,000 Equipment depreciation 1,000 Other indirect manufacturing costs 1,500 Direct materials 95,000 Indirect Materials 4,000 Manufacturing overhead overapplied 2,000 What are the total manufacturing costs for job order #23 if the company uses normal job-order costing?
Selected cost data for Classic Poster, Co. are as follows: EEB Click the icon to view the cost data.) Read the requirements Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead allocation rate Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explan from journal entries.) Date Accounts Debit Credit Dec. 31 Requirement 3. Use a T-account to determine the amount of underallocated or overallocated...
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect - cost rate of $15 per direct labor - hour. The following data are obtained from the accounting records for June 2018: Direct materials Direct labor (4,600 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses $190,000 50,600 19,000 26,000 23,500 27,000 30,000 For June 2018, manufacturing overhead is O A. overallocated by $29,500 O B....
Selected cost data for European Poster, Co. are as follows: : (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined overhead allocation rate per direct labor dollar. Predetermined overhead allocation rate Requirement 2. Prepare the journal entry to allocate overhead cost for the year. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Dec. 31 Requirement 3. Use a T-account to determine the amount of underallocated or overallocated...
I only need requirement 5 answered please! The Maclin Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Maclin uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine-hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2017 budget for the plant is as follows:...