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thank you for your help! options: overallocated/underallocated Darby Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one
thank you for your help!
options: overallocated/underallocated
Darby Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Darby allocates manufacturing overhead costs using direct manufacturing labor costs. Darby provides the following information: (Click the icon to view the information.) Data table Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2017. (Enter your answer as a number [not as a percentage] rounded to two decimal places, X.XX.) Actual manufacturing overhead rate = Budgeted manufacturing overhead rate = Requirement 3 . At the end of 2017 , compute the under- or overallocated manufacturing overhead under normal costing. Why is there no under- or overallocated overhead under actual costing? Under normal costing, manufacturing overhead is by $ Requirement 2. During March, the job-cost record for Job 626 contained the following information: Direct materials used Direct manufacturing labor costs Compute the cost of Job 626 using (a) actual costing and (b) normal costingStep by Step Solution
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