Question
Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year,
Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the beginning of the year information.) he end of the year, the company had actually incurred the following: (Click the icon to view the ending of the year information.) quirements Compute Alba's predetermined manufacturing overhead rate. How much manufacturing overhead was allocated to jobs during the year? How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Were the jobs overcosted or undercosted? By how much? quirement 1. Compute Alba's predetermined manufacturing overhead rate. termine the formula to calculate the predetermined overhead rate, and then calculate the rate. (Round your answer to the nearest whole dollar.) Predetermined overhead rate per machine hour quirement 2. How much manufacturing overhead was allocated to jobs during the year? lect the labels for the formula to calculate the overhead to be allocated, and then calculate the manufacturing overhead allocated. Manufacturing nvorhead allocated Dose from any list or enter any number in the input fields and then continue to the next question. 9-26 AM ? Requirement 2. How much manufacturing overhead was allocated to jobs during the year? Select the labels for the formula to calculate the overhead to be allocated, and then calculate the manufacturing overhead allocated. X Manufacturing overhead allocated Requirement 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Complete the following table to determine the total manufacturing overhead costs. (Leave any unused cells blank.) Total manufacturing overhead Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Manufacturing overhead was by S Requirement 4 Were the inhs overensted or undernosted? Rv how much? Choose from any list or enter any number in the input fields and then continue to the next question. Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? Manufacturing overhead was by $ Requirement 4. Were the jobs overcosted or undercosted? By how much? Jobs were by S 1 End of the year information Direct labour cast Depreciation on manufacturing plant and equipment 1ue[d uo sexe, fuedolg Delivery drivers' wages. Plant janitors wages Machine hours Print Done 1,230,000 444,500 19,500 24,500 14,500 9.500 65.500 hours X Beginning of the year information 09 Manufacturing overhead cost S Machine hours Print Done 567.000 1,650,000 81,000 hours h
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