Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Riordan Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity
Riordan Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated shaper. Additional information is provided below for the most recent month:
Estimates at the beginning of the month: | |
Estimated total fixed MOH | 33,075 |
Capacity of the shaper | 350 hours |
Actual results: | |
Sales | 79,268 |
Direct materials | 12,200 |
Direct labor | 17,400 |
Actual total fixed MOH | 35,700 |
Selling and administrative expense | 8,100 |
Actual hours of shaper use | 300 hours |
The Manufacturing Overhead Applied amount to ______________.
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