Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show and explain all work 3. (2 points) Hawks Inc. makes toy hawks. The company uses plantwide overhead rate to assign overhead cost to

image text in transcribed

please show and explain all work

3. (2 points) Hawks Inc. makes toy hawks. The company uses plantwide overhead rate to assign overhead cost to products on the basis of DL hours. The company uses practical capacity of direct labor hours to calculate the manufacturing overhead rate. Following information is given for the month of October 2019: a. Actual DM cost in October = $24,000 b. Actual DL cost in October = $360,000 c. Actual Manufacturing overhead incurred in October = $30,000 d. Actual Direct Labor Hours used in October = 40,000 e. Practical Capacity of DL hours for 2014 = 300,000 f. Estimated Manufacturing Overhead for 2019 = $350,000 g. Hawks produced = 10,000 How much overhead would be assigned to each toy hawk in October

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

Step: 3

blur-text-image

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

Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management

Authors: Pawan Handa, Jean Pagani, Denise Bedford

1st Edition

1789737745, 978-1789737745

More Books

Students also viewed these Accounting questions