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Analyze MOH The Dit Dot Company uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required.
Analyze MOH The Dit Dot Company uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: Manufacturing Overhead Costs: $630,000 Direct Labor Cost: $1,650,000 Machine Hours: 90,000 At the end of the year, the company had ACTUALLY incurred the following: Direct Labor Cost Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers' wages Plant janitors' wages Machine hours $1,230,000 $480,000 $19,500 $26,500 $17,000 $8,500 56,500 1. Calculate the Predetermined Manufacturing Overhead Rate 2. How much manufacturing overhead was allocated to jobs based on the actual machine hours incurred during the y 3. How much actual manufacturing overhead was incurred during the year? 4. Was manufacturing overhead under or over allocated? Draw a T-account to calculate. Enter over or under Thawoollabs 5. By what amount was manufacturing overhead under or over allocated? w
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