Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Save Part 2 of 2 Points: 0.42 of 1 Clara Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories-direct
Save Part 2 of 2 Points: 0.42 of 1 Clara Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories-direct materials and direct manufacturing labor-and one indirect-cost pool, manufacturing overhead costs It provides the following information for 2020 (Click the icon to view the information for 2020.) Read the requirement Begin by calculating the budgeted indirect cost rate. Select the formula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) $ Budgeted manufacturing overhead costs 950,000 Budgeted labor hours. 38,000 = Budgeted indirect cost rate $ 25 Now calculate the total manufacturing cost of the 32 Gabriel Drive job. Job Costs Direct materials Direct manufacturing labor Manufacturing overhead allocated Total costs 32 Gabriel Drive Job 3,800 2880 Requirement Data table Calculate the total manufacturing costs of a job at 32 Gabriel Drive using normal costing based on the following information: Actual direct materials costs $ 3,800 Actual direct manufacturing labor 120 hours Actual direct manufacturing labor rate $ 24 per hour Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours $ 950,000 38,000 hours $ 924,000 33,000 hours - Print Done Activate Windows Clear all Check
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