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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 for
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?
Budget | Actual | ||
Direct labor hours. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 7,000 hours | 6,600 hours | |
Machine hours. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 6,600 hours | 6,800 hours | |
Depreciation on salespeople's autos. . . . . . . . . . . . . . . . . . . . . . . . . | $21,500 | $21,500 | |
Indirect materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $48,500 | $54,000 | |
Depreciation on trucks used to deliver uniforms to customers. . . . . | $12,000 | $11,000 | |
Depreciation on plant and equipment. . . . . . . . . . . . . . . . . . . . . . . . | $67,000 | $69,000 | |
Indirect manufacturing labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $42,000 | $43,000 | |
Customer service hotline. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $21,500 | $22,500 | |
Plant utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $33,900 | $34,900 | |
Direct labor cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $69,000 | $84,000 |
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: Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. =Predetermined overhead rate Requirement 2. Calculate the allocated manufacturing overhead for the past year. per machine hour Manufacturing = overhead allocated = Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account. Time Remaining: 01:17:57 Next
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