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These are all a part of ONE question and Ill definitely give thumbs up for correct help! The Company allocates manufacturing overhead cost based on

These are all a part of ONE question and Ill definitely give thumbs up for correct help!

The Company allocates manufacturing overhead cost based on the Direct Labor Costs required in production. Selected cost data for the Company are as follows (all number are in thousands):

Estimated Total manufacturing overhead costs for the year

$640

Estimated Total direct labor hours for the year

250 DL Hrs.

Estimated Total direct labor costs for the year

$160

Actual direct labor costs for the month

$10

(3) Compute the predetermined manufacturing overhead allocation rate.

(4) Compute the allocated manufacturing overhead for the company.

(5) Prepare the journal entry for allocating manufacturing overhead to production. Key the transaction with letter f.

Date

Accounts and Explanations

Debit

Credit

f

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