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se The budgeted and actual data for the Big Production Co. are shown below. Direct Labour 2019 Budget 2019 Actual hours 50,000 hrs 48,500 hrs
se The budgeted and actual data for the Big Production Co. are shown below. Direct Labour 2019 Budget 2019 Actual hours 50,000 hrs 48,500 hrs rate per hour $ 13.00/hr $ 12.90/hr Total $ 650,000 $ 625,650 Expenses 2019 Budget 2019 Actual Factory overhead expenses $ 520,000 $ 450,000 Selling & administrative expenses 86,000 78,000 Total expenses $ 606,000 $ 528,000 a. What is the cost driver used for applying manufacturing overhead (MOH)? (2 points) b. Calculate the Predetermined Manufacturing Overhead rate for the period. Show your calculation. (2 points) c. What is the opening balance of the Manufacturing Overhead (MOH) T-account? (1 point) d. Show your calculation of the total applied amount of MOH. (2 points) e. Calculate the amount of MOH over- or under-applied. (2 points) f. Provide the adjusting accounting entry for the over- or under-applied MOH. (2 points) g. What is the effect of the adjusting entry on operating income? (2 points) h. What is the closing balance of the MOH T-account? (1 point) MI F U x2 x? iii % 83 B III I - C # %
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