Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gonzalez, Inc. manufactures stereo speakers in two factories; one in Vandalia, Illinois and another in Merced, California. The Vandalia factory uses direct labor hours

 

Gonzalez, Inc. manufactures stereo speakers in two factories; one in Vandalia, Illinois and another in Merced, California. The Vandalia factory uses direct labor hours (DLHS) for its overhead rate and the Merced factory uses machine-hours (MHs) for its overhead rate. Information related to both plants for last year is presented below: Estimated manufacturing overhead. . Estimated amount of allocation base. Vandalia factory $4,125,000 (a). Merced factory $1,200,000 150,000 MHs $30 per DLH (b). $4,235,000 $4,200,000 Predetermined overhead rate... (d) 147,000 MHs $1,105,000 (e). Actual amount of allocation base... Actual manufacturing overhead. Applied manufacturing overhead.. Under or overapplied overhead (indicate the dollar amount and whether it is over or underapplied). (c) (f) Required: Fill in the lettered blanks above. SHOW YOUR CALCULATIONS BELOW (For partial credit)!

Step by Step Solution

3.28 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

a Estimated amount of allocation base Estmated manufacturing overhead ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting the basis for business decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

16th edition

0077664078, 978-0077664077, 78111048, 978-0078111044

More Books

Students also viewed these Accounting questions