Friday
August 29, 2014

Homework Help: accounting

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
Inventories:
Raw materials, beginning $ 8,400
Raw materials, ending $ 6,400
Work in process, beginning
$ 5,400
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.

Required:
1.
Compute the amount of underapplied or overapplied overhead cost for the year. (Input the amount as a positive value.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

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 $...
Managerial Accounting - Rocky Mountain Outfitters manufactures cowboy boots. ...
accounting - Data provided: Estimated manufacturing overhead cost for year....$...
accounting - Nature’s Way, Inc., keeps one of its production facilities busy ...

Search
Members