Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sam Company Estimates that anual maufacturing overhead costs will be 600,00. Estimated annual operating activity bases are: direct labor cost $460,000, direct labor hours 40,000

Sam Company Estimates that anual maufacturing overhead costs will be 600,00. Estimated annual operating activity bases are: direct labor cost $460,000, direct labor hours 40,000 andn machine hours 80,000. The actual manufacturing overhead cost for the year was 602,000 and the actual direct labor cost for the year was 456,000. Actual direct labor hours totaled 40,200 ad machine was ?

Sam applies overhead based on direct labor hours (dlh). Compute the predetermined overhead rate, determine the amount of manufactured overhead applied, determine if overhead is over-or-underapplied and the amount. Predeterminated the overhead rate are?

------------------------------, manufacturing overhead applied?__________________, the amount is?__________________

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

Statistical Sampling And Risk Analysis In Auditing

Authors: Peter Jones

1st Edition

1138263214, 978-1138263215

More Books

Students also viewed these Accounting questions

Question

Journalize the amortization of a bond discount.

Answered: 1 week ago