Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please ignore the top photo Osborn Manufacturing uses a predetermined overhead rate of $19.00 per direct labor-hour. This predetermined rate was based on a cost
please ignore the top photo
Osborn Manufacturing uses a predetermined overhead rate of $19.00 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $243,200 of total manufacturing overhead for an estimated activity level of 12,800 direct labor-hours. The company actually incurred $241,00o0 of manufacturing overhead and 12,300 direct labor-hours during the period. Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period 2. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead increase or decrease the company's gross margin? By how much? by 1. Manufacturing overhead 2. The gross margin would by Mauro Products distributes a single product, a woven basket whose selling price is $25 per unit and whose variable expense is $18 er unit. The company's monthly fixed expense is $17,500. Required: . Calculate the company's break-even point in unit sales Calculate the company's break-even point in dollar sales. (Do not round intermediate calculations.) . If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (De ot round intermediate calculations.) 1. Break-even point in unit sales 2. Break-even point in dollar sales 3. Break-even point in unit sales baskets baskets Break-even point in dollar sales 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