Posted by sally on Saturday, September 8, 2012 at 4:49pm.
The following cost data relate to the manufacturing activities of Black Company during the just completed year:
Manufacturing overhead costs:
Property taxes, factory $ 3,000
Utilities, factory 4,800
Indirect labor 9,900
Depreciation, factory 23,900
Insurance, factory 5,800
Total actual manufacturing overhead costs $ 47,400
Other costs incurred:
Purchases of raw materials $ 31,600
Direct labor cost $ 39,600
Raw materials, beginning $ 8,400
Raw materials, ending $ 6,400
Work in process, beginning
Work in process, ending $ 7,900
The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $5 per machine-hour; a total of 12,000 machine-hours was recorded for the year. All raw materials ultimately become direct materials—none are classified as indirect materials.
Compute the amount of underapplied or overapplied overhead cost for the year. (Input the amount as a positive value.)
- accounting - kmkm, Tuesday, September 16, 2014 at 10:34pm
Answer this Question
accounting - The Bags and Luggage Company had the following account balances as...
accounting - P20-2A For the year ended December 31, 2010, the job cost sheets ...
Fin&Acc - B3 Company is a manufacturing firm that uses job-order costing. The ...
accounting - Selected T-accounts for Rolm Company are given below for the just ...
accounting - A company has an overhead application rate of 125% of direct labor ...
accounting - 6. Acme Manufacturing Company estimates factory overhead as a ...
Accounting - During the period, labor costs incurred on account amounted to $...
Managerial Accounting - Rocky Mountain Outfitters manufactures cowboy boots. ...
Accounting 2 PLEASE HELP ME! - Cambridge Manufacturing Company applies ...
Accounting 2 - Cambridge Manufacturing Company applies manufacturing overhead on...