Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bramble Company manufactures a line of lightweight running shoes. CEO Mark Bramble estimated that the company would incur $3,164,960 in manufacturing overhead during the coming
Bramble Company manufactures a line of lightweight running shoes. CEO Mark Bramble estimated that the company would incur $3,164,960 in manufacturing overhead during the coming year. When Bramble Company uses direct labor hours as its manufacturing overhead application base, predetermined overhead rate is $14.45/DLH and when it uses machine hours as its manufacturing overhead application base, predetermined overhead rate is $6.04/MH. Additionally, he estimated the company would operate at a level requiring 219,028 direct labor hours and 524,000 machine hours. At the end of the year, Bramble Company had worked 213,000 direct labor hours, used 353,000 machine hours, and incurred $2,529,000 in manufacturing overhead. If Bramble Company used direct labor hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? Overhead applied $ Using direct labor hours as the application base, was manufacturing overhead under-or overapplied for the year? By how much? Manufacturing overhead by s If Bramble Company used machine hours as its manufacturing overhead application base, how much overhead was applied to jobs during the year? Overhead applied $ Using machine hours as the application base, was manufacturing overhead under-ar overapplied for the year? By how much? Manufacturing overhead by s Click if you would like to Show Work for this question: Open Show Work
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