Question
Oter 3 Question 2, S3-9 (similar to) Part 2 of 3 Joseph Industries manufactures wooden backyard playground equipment. Joseph estimated $1.905,000 of manufacturing overhead
Oter 3 Question 2, S3-9 (similar to) Part 2 of 3 Joseph Industries manufactures wooden backyard playground equipment. Joseph estimated $1.905,000 of manufacturing overhead and $2,160,000 of direct labor cost for the year. After the year was over, the accounting records indicated that the company had actually incurred $1,700,000 of manufacturing overhead and $2,200,000 of direct labor cost HW Score: 23.08%, 2.31 of 10 points Points: 0.31 of 11 Save 1. Calculate Joseph's predetermined manufacturing overhead rate, assuming that the company uses direct labor cost as an allocation base 2. How much manufacturing overhead would have been allocated to manufacturing jobs during the year? 3. At year-end, was manufacturing overhead overallocated or underallocated? By how much? D 1. Calculate Joseph's predetermined manufacturing overhead rate, assuming that the company uses direct labor cost as an allocation base, (Round the percentage to the nearest hundredth percent. XXX) Estimated manufacturing overhead costs + $ 1,905,000 $ Estimated direct labor cost 2,160,000 Predetermined manufacturing overhead rate 88.19 2. How much manufacturing overhead would have been allocated to manufacturing jobs during the year? (Enter the percentage to the nearest hundredth percent, XXX) Manufacturing Estimated direct labor costs % X overhead allocated:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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