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New Age Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of $20 per direct-labor hour. The
New Age Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of $20 per direct-labor hour. The following data are obtained from the accounting records for August 2019 Direct materials Direct labor (7,000 hours @ $15/hour) Indirect labor Plant lease Depreciation on plant and equipment Marketing expense Plant utilities $350,000 $105,000 $25,000 $ 75,000 $ 50,000 $ 20,000 $ 20,000 What actual amount of manufacturing overhead cost was incurred during August 2019?
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