T14-4 (similar to) Question Help The following information is available as of December 31, 2017 (Click the icon to view the information.) Nelson 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 about manufacturing overhead costs for 2017. (Click the icon to view the manufacturing overhead cost information for 2017.) Requirement Calculate the underallocated or overallocated manufacturing overhead at the end of 2017 and prorate it to Work-in-Process Control, Finished Goods Control, and Cost of Goods Sold accounts based on the allocated manufacturing overhead in each account balance using normal costing. Begin by calculating the budgeted Indirect cost rate. Identify the formula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) Budgeted manufacturing overhead costs Budgeted labor hours Budgeted indirect cost rate $ 1,225,000 35,000 35 1 The manufacturing overhead allocated during the year is $ Enter any number in the edit fields and then click Check Answer. Check Answer Clear All 2 parts remaining w etv 4 W (Sim to) Nelson Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categoriesdirect materials and direct manufacturing labor-and one indirect-cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2012 Click the icon to * Data Table information for 2017 Question Help The following information is available as of December 31, 2017 (Click the icon to view the information.) Requirement Calculate the underallocated or overallocated manufacturing Work-in-Process X Goods Sold pg overhead in each $ jost allocation base Begin by calculating is direct labor hours Budgeted manufad Budgeted manufacturing overhead costs Budgeted direct manufacturing labor hours Actual manufacturing overhead costs Actual direct manufacturing labor-hours 1.225,000 35,000 hours 936,000 26,000 hours cost rate $ 12 The manufacturing Print Done Enter any number in the edit fields and then click Check Answer Clear All Check Answer 2 parts remaining W at A 20 W Question Help The following information is available as of December 31, 2017 Click the icon to view the information.) Nelson Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories-direct materials and direct manufacturing labor-and on It provides the Data Table overhead cost (Click the information for facturing In-Process Sold rhead in each ocation base Begin by calcu is direct labor Budgeted m $ Account Work-in-process control Finished goods control Cost of goods sold Account Balance (Before Proration) $ 45,000 $ 56,000 $ 1,700,000 $ 1,801,000 Manufacturing Overhead in Each Account Balance Allocated in the Current Year (Before Proration) $ 30,625 $ 67,375 $ 1.127,000 1.225.000 Fate The manufacte Print Done Enter any number in the edit fields and then click Check Answer 2 parts Clear All Check Answer remaining W An W dtv A 20
