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Clyde Company gathered the following information for the year ended December 31, 2017: Direct labor cost incurred stimated manufacturing overhead costs stimated direct labor cost
Clyde Company gathered the following information for the year ended December 31, 2017: Direct labor cost incurred stimated manufacturing overhead costs stimated direct labor cost ctual manufacturing overhead costs $165,000 $231,000 $154,000 $250,000 308,000 Estimated direct labor hours Clyde uses direct labor cost to allocate overhead to individual jobs. Answer the following 4 questions showing your computations in order to receive credit. 1. Compute the plant-wide pre-determined manufacturing overhead allocation rate for 2017. 2. Compute over/under allocated overhead at 12/31/2017. Indicate whether overhead is over/under applied 3. Ifjob #101 consists of Direct Material costs of $5,000, and Direct Labor costs of $12,000, compute the total cost ofjob #101. 4. Job #101 consists of 10,000 units. Compute the cost per unit for Job #101
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