Thompson Products uses standard costing. It allocates manufacturing overhead (both variable and fored) to products on the basis of standard direct manufacturing labor hours (DLH). Thompson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2014 is based on budgeted output of 684.000 units, requiring 3.420.000 DLH. The company is able to schedule production uniformly thoughout the year. A total of 74.000 output units requiring 323.000 DLH was produced during May 2014 Manufacturing overhead (MOH) costs incurred for May amounted to 5383 300. The actual costs, compared with the annual budget and 1/12 of the annual budget are as follows Click the icon to view the data) Read the realment Data Table 1. Calculate total manufacturing overhead costs allocated Begin by computing the budgeted hours per unit Determine Now calculate the total manufacturing overhead (MOH) Annual Manufacturing Overhead Budget 2014 Per Per DLH Monthly Actual MOH Total Output Input MOH Budget Costs for Amount Unit May 2014 May 2014 Variable MOH Indirect manufacturing labor $1,026,000 $ 1.50 $ 0.30 85.500 5 85,500 Supplies 684.000 100 020 57.000 118.000 Fred MOH Supervision 513,000 0.15 42.750 42.000 Uits 342.000 0.50 0.10 28 500 58.000 Depreciation 957,500 028 79 800 79 800 Total $ 3.522.600 $ 515 5 1035 293 550 5 383 300 For items 2 through 5, complete the following tables before ca 2 15 Actualine Choose from any list or enter any number in the input fields Thompson Products uses standard costing. It allocates manufacturing overhead (both variable and fored) to products on the basis of standard direct manufacturing labor-hours (DUH) Thompson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2014 is based on budgeted output of 684.000 units, requiring 3.420.000 DLH. The company is able to schedule production uniformly thoughout the year. A total of 74.000 output units requiring 323,000 DLH was produced during May 2014 Manufacturing overhead (MOH) costs incurred for May amounted to $383,300. The actual costs, compared with the annual budget and 1/12 of the annual budget are as follows: Click the icon to view the data) Read the regulement 1. Calculate total manufacturing overhead costs allocated Begin by computing the budgeted hours per unt. Determine the formula, then compute the amount - Budgeted hours per unit Now calculate the total manufacturing overhead (MCH) costs allocated Determine the formula, then complete the calculation Total MOH costs allocated For items through 5, complete the following tables before calculating the remaining amounts in the requirement Complete the table for variable MOH Actual input budget Thompson Products uses standard costing. It allocates manufacturing overhead (both variable and fored) to products on the basis of standard direct manufacturing labor-hours (DLH) Thompson Product develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2014 is based on budgeted output of 684.000 units, requiring 3.420.000 DLH. The company is able to schedule production uniformly thoughout the year. A total of 74.000 output units requiring 323,000 DLH was produced during May 2014 Manufacturing overhead (MOH) costs incurred for May amounted to 5383,300. The actual costs, compared with the annual budget and 1/12 of the annual budget are as follows Click the icon to view the data) Read the requirement Actual input Actual costs Flexible Allocated incurred budgeted rate overhead Variable MOH Next complete the table for fred MOH Same budgeted lumpsum Actual costs regardless of Flexible Allocated incurred output level budget overhead Fred MOH Now streets the remainintarine Thomann Dentelor 01 Rowanitasha sehehen
