Homework Answers
1.
Manufacturing overhead is overapplied by $1,500
Working note:
Total direct labor = $30,000 + $15,000 + $20,000 = $65,000 = $65,000
Overhead applied = Direct labor cost x 10% = $65,000 x 10% = $6,500
Actual overhead = $5,000
Amount of overhead over-applied = Overhead applied - Actual overhead = $6,500 - $5,000 = $1,500
.
2.
Project A2
Overhead applied = DIrect labor cost x 10% = $15,000 x 10% = $1,500
Per unit cost = (Direct material+ Direct labor + Overhead applied) / Number of units
= ($20,000 + $15,000 + $1,500) / 500
= $73
.
3.
Project A3
Product cost = Direct material + Direct labor + Manufacturing overhead
= Direct material + DIrect labor + (Direct labor cost x 10%)
= $30,000 + $20,000 + ($20,000 x 10%)
= $52,000
.
4.
Project A1
MOH applied = Direct labor x 10% = $30,000 x 10% = $3,000
.
5.
When MOH is Over-applied, Manufacturing overhead account is debited
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