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Intak Company uses a job costing system. The company's schedule of cost of goods manufactured showed the following amounts for November. Cost of goods manufactured
Intak Company uses a job costing system. The company's schedule of cost of goods manufactured showed the following amounts for November. Cost of goods manufactured $55,000 Cost of direct materials used $29,000 Cost of direct labour ($9 per hour) $13,500 Work in process inventory, November 1 $1,500 Manufacturing overhead cost is allocated at the rate of $6 per direct labour hour. Actual manufacturing overhead costs for November amount to $12,000. What is the amount of allocated manufacturing overhead costs for the month at Intak Company? O A. $57.000 OB. $29,000 O C. $13,500 OD. $9,000 Managerial Accounting for IT - Serene Desmond = Quiz: Quiz 3 Chapter 5 Question 7 This Quiz: 15 pts possible The following information was gathered for the Buckley Corporation for the most recent year. Manufacturing overhead is allocated using direct labour hours. Estimated direct labour hours 54,000 Actual direct labour hours 57,000 Estimated manufacturing overhead costs $729,000 Actual manufacturing overhead costs $685,000 What amount of manufacturing overhead would be allocated for the year at Buckley Corporation? Round to the nearest dollar. O A. $769,500 OB. $723,056 OC. $729,000 OD. $685,000
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