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E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizax Company uses a job order cost system
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizax Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated es manufacturing overhead costat 1420 Estimated direct labore was $461.270 for 19.300 hours Actual costs for the most recent month are summarized here Total Cost Direct Labor (1,90 hours) Indirect ateriat Factory rent Factory depreciation General and administrative salaries Required: 1. Calculate the predetermined overhead rate 2. Calculate the amount of applied manufacturing overhead 2. Calculate actual manufacturing overhead costs 4. Compute over or underapplied overhead Complete this question by entering your answers in the tabs below. Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181420. Estimated derect labor cod was $461,270 for 19,300 hours Actual costs for the most recent month are summarized here: $46, 128 Direct labor (1.938 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory Janitorial work Factory insurance General and administrative salarie Selling expenses 3,23e 4.730 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead 3. Calculate actual manufacturing overhead costs 4. Compute over- or underapplied overhead Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 1 Required 2 Calculate the amount of applied manufacturing overhead. Applied Manufacturing Overhead Required 3 > ( Required 1 1 k Prey 9 3 NE Actual costs for the most recent month are summarized here $46, 128 2,510 3.230 Direct labor (1,930 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and achinistrative salaries Selling expenses 5, 280 1.71 4,210 5.498 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 4 Required 1 Required 2 Required 3 Calculate actual manufacturing overhead costs. Actual Manufacturing Overhead Costs Required 2 Required 4 >
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