Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Partl - At the beginning of the current year CCCR Company estimated the following costs Direct materials Direct labour Rent on factory building Sales salaries

image text in transcribed
Partl - At the beginning of the current year CCCR Company estimated the following costs Direct materials Direct labour Rent on factory building Sales salaries Deprociation on factory equipment Indirect labour Production supervisors salary $4,000 $20,000 $15,000 $25,000 $8,000 $10,000 $12,000 CCc Company estimated 20,000 labour hours to be worked during the year. Actual labour hours worked were 22,000 hours. If overhead is applied on the basis of direct labour hours, what will be the overhead applied for the year? (2 marks) Part 2-RRR Company uses a predetermined overhead rate based on direct labour hours to apply manufacturing overhead to jobs. The company estimated manufacturing overhead at $255,000 for the ear and direct labour hours at 100,000 hours. the year totalled $270,000; actual direct labour hours were 105,000. What was the overapplied or underapplied overhead for the year? (3 marks) Actual manufacturing overhead costs incurred during

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

16th Edition

324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140

More Books

Students also viewed these Accounting questions

Question

Distinguish between formal and informal reports.

Answered: 1 week ago