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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
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. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Data table Direct labor hours. Machine hours. Depreciation on salespeople's autos. Indirect materials. Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment. Indirect manufacturing labor. Customer service hotline. Plant utilities...... Direct labor cost Get more help Print Done E A $ 7,600 hours 6,000 hours 6,400 hours 6,300 hours 22,000 $ 22,000 49,000 $ 53,000 13,000 $ 10,500 68,000 $ 69,000 40,000 $ 43,000 22,000 $ 24,500 28,600 $ 30,100 72,500 $ 84,000 $ $ $ $ $ Predetermined overhead rate $ $ Budget Actual - X Requirements 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? Print Clear all Done Check answer
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