1-2, please.Homework Answers
- The company had overallocated MOH for the year to the extent of $21000(see note below)
- The MOH were overallocated . This is because since the future overheads and the future actual , direct labour hours is not known with certainty , there is always a difference between the actual overheads incurred and the overheads applied or allocated. Therefore there is an underallocation or overallocation of overheads. In this case the actual overheads incurred=$ 1005000 whereas the overheads applied= $1026000. So this results in an overallocation of $21000 of MOH.
Note:
Actual Manufacturing overheads=$ 1005000
Pre-determined overhead rate=$1053000/58500 hours=$18/direct labour hour
Manufacturing overheads allocated=$ 18/hour*57000 direct labour hours=$1026000
Manufacturing overheads overallocated=$1026000-$ 1005000=$ 21000
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1.
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2.
How much manufacturing overhead was allocated to jobs during
the year?
3.
How much manufacturing overhead was incurred during the year?
Is manufacturing overhead underallocated or overallocated at the
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