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Falmouth Pools manufactures swimming pool equipment. EEB (Click the icon to view data.) Determine the total overallocation or underallocation of manufacturing overhead during the year
Falmouth Pools manufactures swimming pool equipment. EEB (Click the icon to view data.) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Falmouth Pools totaled $1,400,000 1. Assume that the company used direct labor hours as the allocation base. 2 3. 4.Were there any situations in which jobs were costed correcly? If not, when were they overcosted? When were they undercosted? Assume that the company used the direct labor cost as the allocation base. Assume that the company u sed machine hours as the allocation base 1. Determine the total overallocation or underallocation of manufacturing overhead during the year assuming that the company used direct labor hours as the allocation base. Actual manufacturing costs for the year for Falmouth Pools totaled $1,400,000. Detemine the total overallocation or underallocation of manufacturing overhead during the year. Manufacturing overhead is by S Data Table Estimated manufacturing Estimated quantity Predetermined Allocated overhead costs 1,375,000 1,375,000 1,375,000 of allocation base overhead rate overhead Direct labor hours$ Direct labor cost Machine hours 55,000 1,100,000 27,500 $25.00 per DL hour1,431,250 125% of DL cost $ 1,406,250 $50.00 per MH ,362,500 PrintDone
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