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(X) Company provides the following information for 2020: Budgeted manufacturing overhead costs Budgeted direct manufacturing labor costs Budgeted direct manufacturing labor rate Actual manufacturing overhead
(X) Company provides the following information for 2020: Budgeted manufacturing overhead costs Budgeted direct manufacturing labor costs Budgeted direct manufacturing labor rate Actual manufacturing overhead costs Actual direct materials costs of (Job # 123) Actual direct manufacturing labor-hours of (Job # 123) Actual direct manufacturing labor rate Actual direct manufacturing labor-hours during 2020 $840000 $33600 $15/hour $869400 $4700 145 hours $14/hour 2300 hours Using the information above, answer the following three questions: Q1: What is the budgeted manufacturing overhead rate of (X) Company? (Cost allocation base is direct labor cost) Q2: What is the total manufacturing costs of (Job # 123) assuming that (X) Company uses normal costing system? (Cost allocation base is direct labor cost) Q3: What is the total manufacturing costs of (Job # 123) assuming that (X) Company uses actual costing system? (Cost allocation base is direct labor cost)
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