Answered step by step
Verified Expert Solution
Question
1 Approved Answer
based on 1) Actual manufacturing overhead rates- 3,217,500/1,650,000= 1.95 Budgeted manufacturing overhead rates- 3,060,000/1,700,000= 1.80 2) Actual costing- 1.95*45,000=87,750 55,000 45,000= $187,750 Normal costing- 1.80*45,000=81,000
based on 1) Actual manufacturing overhead rates- 3,217,500/1,650,000= 1.95 Budgeted manufacturing overhead rates- 3,060,000/1,700,000= 1.80 2) Actual costing- 1.95*45,000=87,750 55,000 45,000= $187,750 Normal costing- 1.80*45,000=81,000 55,000 45,000= $181,000. why is ther under or over allocated manufacturing overhead under actual cossting
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started