Question
1. The following data are given for a period: Estimated (budgeted) Manufacturing overhead cost $60,000 Actual Manufacturing overhead cost $64,000 Predetermined overhead rate: $20 per
1.
The following data are given for a period:
Estimated (budgeted) Manufacturing overhead cost $60,000
Actual Manufacturing overhead cost $64,000
Predetermined overhead rate: $20 per machine hour
Estimated Activity base 3,000 machine hours
Actual Activity base 3,300 machine hours
Manufacturing overhead is:
over-applied by $6,000. | ||
over-applied by $2,000. | ||
under-applied by $2,000. | ||
over-applied by $4,000. | ||
under-applied by $4,000. |
2.
Salem Company applies overhead on the basis of direct labor hours. Its predetermined overhead rate is $70 per direct labor hour.
The following additional information is given regarding a given product:
- Direct material cost per unit of product is $100.
- Direct labor cost per unit of product is $60.
- 2 direct labor hours are needed to make one unit of product.
What is the cost per unit (unit product cost) for the product?
$360 | ||
$370 | ||
$280 | ||
$300 | ||
$320 |
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