Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ece System incorporated uses a normal job-contai n the plant has a machining department and an assembly department its job-costing system has two direct-cost categories
Ece System incorporated uses a normal job-contai n the plant has a machining department and an assembly department its job-costing system has two direct-cost categories drect materials and drect labor) and two manufacturing overhead cost pools the machining department overhead is allocates to jobs based on machine hours and the assembly department overhead is allocates to jobs based on direct labor hound The 2020 budget Machine Assembly Department Department Particulars EL 000 AEDTL0000 000 During Mathe -cost record for job 707 contained the town Machine Department Department Particulars AFD45.000 AED65.000 Direct materials used AED 24 000 Direct manufacturing labor costs hours 1500 hours 1000 Direct manufacturing labor-hours hours 1000 hours 2.800 Machhour REQUIRED At the end of 2020, the actual manufacturing overhead costs were AED 150 000 in machining department and AED 250 000 in assembly department it was reported that 32.000 actual machine-hours were used in machining department and actual direct manufacturing bor hours in assembly department were 190,000 hours Compute the over or under allocated manufacturing overhead for each department G BIN M
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started