Question
Data below pertains to Garrett Companys most recently completed fiscal year before any adjustments for overallocated or underallocated overhead were made: Estimated manufacturing overhead $
Data below pertains to Garrett Companys most recently completed fiscal year before any adjustments for overallocated or underallocated overhead were made:
| Estimated manufacturing overhead | $ 240,000 |
| Factory utilities | $ 29,100 |
| Estimated labor hours | 35,000 |
| Indirect labor | $ 23,500 |
| Actual direct labor hours | 36,000 |
| Sales commissions | $ 53,700 |
| Estimated direct labor cost | $ 300,000 |
| Factory rent | $ 49,200 |
| Actual direct labor cost | $ 320,000 |
| Factory property taxes | $ 28,100 |
| Factory depreciation | $ 67,200 |
| Indirect materials | $ 33,000
|
Actual overhead incurred during the year totaled
A. $230,100
B. $300,000
C. $283,800
D. $240,000
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Portfolio Of Business And Management Audits
Authors: Baumhardt And Partner
1st Edition
3908131006, 978-3908131007
