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10-14 M N o $ 189,184,38 B D G H K 10. Assume that during the year, your production workers actually worked a total of
10-14
M N o $ 189,184,38 B D G H K 10. Assume that during the year, your production workers actually worked a total of 6,250 hours. Manufacturing overhead allocated to all jobs during the year would be Use your answer in 10 and the following information to answer questions 11 and 12: Assume that at year end it was determined that actual manufacturing overhead totaled $64,800 11 Manufacturing overhead would be: Select one: Overallocated Underallocated 12. By how much? Assume that the amount in #12 is not considered material and most of the quilts have been sold. 13. Which income statement account would be adjusted for the overallocated or underallocated overhead? Type complete name; no abbreviations or acronyms Enter account title: B 14. Would the account be increased or decreased? Select one: Increase Decrease $ Overallocated 124,384,38 3 Insert Home Draw Page Layout Formulas Data Review View Help Search Calibri 2 Wrap Text Out Copy Format Painter lipboard 5 -11 - A A A BIU Ele $ - % Conditional format as CE Formatting Table Style Font Alignment Number X B H 1 M N D Glue cost $10 cents per quilt Total Estimated Manufacturing Overhead 441.00 $ 60,539.00 Calculate the Predetermined Overhead Rate (POHR) to be used during the year to allocate manufacturing overhead to jobs and Work In Process Inventory: -152/39 $ 30.27 per DLH Complete the following job cost sheet for your in-class job Job Cost Sheet Direct Materials Sheets Cost per Sheet Total White material 10 $ 2.00 $ 20.00 Blue material 18 4.00 72.00 Yellow material 15 4.00 60.00 $ 152.00 Direct Labor Measuring labor Cutting labor Assembly labor Total Hours Rate per Hr. Total 0.40 $ 14.00 $ 5.60 0.40 12.00 6.40 0.40 16.00 6.40 1.20 $ 18,40 Manufacturing Overhead Predetermined OH Rate $ 30.27 DLH Used Total 1.20 $ 36.32 Total Job Cont Number of Quilts Cost per Quilt $206.72 9 $ 22.97 P1 Type here to search O RI novo Esc Fd F5 FB F7 FB FO @ # $ % & Step by Step Solution
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