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Grant Manufacturing uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DMLH). (Click
Grant Manufacturing uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DMLH). (Click the icon to view additional information.) 1. Calculate total manufacturing overhead costs allocated. Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount. Budgeted DMLH Budgeted units 576,000 2,304,000 X Variable MOH Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. Budgeted hrs per unit Total MOH rate Actual units 46,000 4 1.45 X Actual costs incurred x x budgeted rate Budgeted hours per unit 4 X For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Actual input Flexible budget == Allocated overhead The actual costs, compared with the annual budget and 1/12 of the annual buc are as follows: (Click the icon to view the data.) H Total MOH costs allocated 266,800 Read the requirement. $ 40,620
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