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Please give the answer ASAP,just need the answer using excel or handwrite show the working,and i will give you a dumb up if the answer
Please give the answer ASAP,just need the answer using excel or handwrite show the working,and i will give you a dumb up if the answer is correct
A small toy manufacturer called Building Block Ltd. uses machine hours (m) as the allocation base to allocate manufacturing overhead costs to the various jobs contracted during the year. The company uses a normal costing system. Estimates are provided for the coming year for the company and actual amounts are given for the Circus Inc. (CI) job, which required the production of football uniforms Direct materials Directlabour Manufacturing overhead costs Machine hours Company Budget $20,000 $5.000 $15.000 50.000 m CI Job Actual Costs $500 5100 5150 450 m Required: a. Calculate the annual manutacturing budgeted overhead cost-allocation rate for the company. Show all workings (15 mark) b. Calculate the total manufacturing overhead allocated to the Circus inc. job. Show all workings. (1.5 marks) C.Calculate the total cost of the Circus Inc. job using the allocated overhead. Show all workings. (1.5 marks) d. Calculate the over or under allocated overhead for the Circus inc. Job. Show all workings. (1.5 mark Step by Step Solution
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