trochurer of fook 9000338 cmid=1190659 h(en) Search Courses Go If the cost of goods sold is greater than the cost of goods manufactured, then: ut of Fin Select one: a. total manufacturing costs must be greater than cost of goods manufactured. b. finished goods inventory has increased during the period. c. finished goods inventory has decreased during the period O d. work in process inventory has decreased during the period Tim Next page Jump to O . & 5 6 8 2 9 o 3 1/4 12 The budgeted and actual data for the Big Production Co. are shown below. Direct Labour hours rate per hour Total 2019 Budget 50,000 hrs $ 13.00/hr $ 650,000 2019 Actual 48,500 hrs $ 12.90/hr $ 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- trochurer of fook 9000338 cmid=1190659 h(en) Search Courses Go If the cost of goods sold is greater than the cost of goods manufactured, then: ut of Fin Select one: a. total manufacturing costs must be greater than cost of goods manufactured. b. finished goods inventory has increased during the period. c. finished goods inventory has decreased during the period O d. work in process inventory has decreased during the period Tim Next page Jump to O . & 5 6 8 2 9 o 3 1/4 12 The budgeted and actual data for the Big Production Co. are shown below. Direct Labour hours rate per hour Total 2019 Budget 50,000 hrs $ 13.00/hr $ 650,000 2019 Actual 48,500 hrs $ 12.90/hr $ 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
