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Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. The predetermined manufacturing overhead rate is $ per machine hour. Requirements 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? Print Done Data table Direct labor hours.. Budget 7,000 hours Actual 6,500 hours Machine hours.. 6,800 Depreciation on salespeople's autos. hours $ 24,500 6,700 hours $ 24,500 Indirect materials ... $ 52,000 $ 54,000 Depreciation on trucks used to deliver uniforms to customers $ 14,000 $ 13,000 Depreciation on plant and equipment $ 69,000 $ 71,500 Indirect manufacturing labor... $ 43,000 $ 46,000 Customer service hotline.. $ 20,500 $ 22,500 Plant utilities... $ 40,000 $ 42,500 Direct labor cost. $ 72,500 $ 86,000 Print Done Clear all Check answer
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