Selected data for the consulting department of Austin Consulting, Inc., follow: Assuming that direct labor cost is

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Selected data for the consulting department of Austin Consulting, Inc., follow:

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Assuming that direct labor cost is the basis for applying consulting overhead,

a. Calculate the predetermined overhead rate.

b. Prepare a journal entry that applies consulting overhead for January.

c. By what amount is consulting overhead over- or underapplied in January?

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Managerial Accounting For Undergraduates

ISBN: 9781618531124

1st Edition

Authors: Christensen, Theodore E. Hobson, L. Scott Wallace, James S.

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Question Posted: May 16, 2024 05:00 AM

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Selected data for the consulting department of Austin Consulting, Inc., follow: Assuming that direct labor cost is

Question:

Estimated consulting overhead cost for the year. Estimated direct labor cost for the year (@ $9/hr.). Actual manufacturing overhead cost for January Actual direct labor cost for January (1,200 hours). $270,000 180,000 16,000 11,000

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Managerial Accounting For Undergraduates

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