Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer the following 1. calculate the total cost of job 77. 2. Compute the amount of manufacturing overhead apply to job 79 during November.
please answer the following
Tiana Shar, the controller for Bondi Furniture Company, is in the process of analyzing the overhead costs for the month of November. She has gathered the followina data for tha month The firm's job-order costing system uses direct-labor hours (measured at practical capacity) as the cost driver for overhead application. In December of the preceding year, Shar had prepared the following budget for direct-labor and manufacturing-overhead costs for the current year. The plant is theoretically capable of operating at 150,000 direct-labor hours per year. However, Shar estimates that the practical capacity is 120,000 hours in a typical year. During November the following jobs were completed: Assist Shar by making the following calculations 1. calculate the total cost of job 77.
2. Compute the amount of manufacturing overhead apply to job 79 during November. (do not round intermediate calculations)
3. What was the total amount of manufacturing overhead applied during November? (do not round intermediate calculations)
4. Compute the actual manufacturing overhead incurred during November
5. Calculate the overapplied or under applied overhead for November. (do not round intermediate calculations.)
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