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Question list K Question 1 Regal Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Regal Uniforms
Question list K Question 1 Regal Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Regal Uniforms reports the following cost data for the past year: (Click the icon to view the cost data.) Read the requirements. Question 2 Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Question 3 =Predetermined overhead rate * Question 4 Question 5 Data table Budget Actual Direct labor hours... 7,400 hours 6,000 hours Machine hours.... 7,000 hours 6,300 hours - Requirements Depreciation on salespeople's autos. $ 20,000 $ 20,000 Indirect materials.... $ 50,000 $ 50,500 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers use accounting information to help control manufacturing overhead costs? Plant utilities... Direct labor cost.. Depreciation on trucks used to deliver uniforms to customers $ 12,000 $ 10.500 Depreciation on plant and equipment..... $ 71,000 $ 72,500 Indirect manufacturing labor.... $ 42,000 S 43,000 Customer service hotline... $ 21,000 S 23,500 $ 5,000 $ 7,000 $ 70,500 S 86,000
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