Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

S3-7 Continuation of S3-6: compute total allocated overhead (Learning Objective 3) Use your answers from S3-6 to determine the total manufacturing overhead allocated to Edmonton's

image text in transcribed
image text in transcribed
S3-7 Continuation of S3-6: compute total allocated overhead (Learning Objective 3) Use your answers from S3-6 to determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs in the following independent situations: 1. Assume that the company actually used 51,700 direct labor hours. 2. Assume that the company actually incurred $1,020,000 of direct labor cost. 3. Assume that the company actually ran the machines 39,500 hours. 4. Briefly explain what you have learned about the total manufacturing overhead allo- cated to production. 1 Estimated Manufacturing Overhead costs 1400000 Divide by Estimated Direct labor hours Predetermined Manufacturing Overhead rate 28 50000 per direct labor hour 2 Estimated Manufacturing Overhead costs Divide by Estimated Direct labor cost Predetermined Manufacturing Overhead rate 140% 1400000 1000000 per S of direct labor cost 3 Estimated Manufacturing Overhead costs Divide by Estimated Machine hours 1400000 40000 Predetermined Manufacturing Overhead rate 35 per machine hour

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

Wiley CIA Essentials Of Internal Auditing Exam Review 2022 Part 1

Authors: S. Rao Vallabhaneni

1st Edition

1119846285, 978-1119846284

More Books

Students also viewed these Accounting questions