Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Huckvale Corporation manufactures custom cabinets for kitchens. It uses an actual costing system with two direct cost categories direct materials and direct manufacturing laborand one
Huckvale Corporation manufactures custom cabinets for kitchens. It uses an actual costing system with two direct cost categories direct materials and direct manufacturing laborand one indirect-cost pool, manufacturing overhead costs. It provides the following information for 2017. (Click the icon to view the information for 2017.) Read the requirement. Begin by calculating the actual manufacturing overhead rate. (Assume the cost allocation base is direct labor hours.) Actual manufacturing overhead rate 1 Data table $ Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours 1,350,000 30,000 hours 1,334,000 29,000 hours $ Print Done Requirement Calculate the cost of the 32 Rooney Drive job using actual costing based on the following information: Actual direct materials cost Actual direct manufacturing labor Actual direct manufacturing labor rate $ 4,000 110 hours 23 per hour Print Done
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