-*s) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014: Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine-hours $ 5,200,000 200,000 $ 5,000,000 180,000 a. Calculate the budgeted manufacturing overhead rate. b. Calculate the manufacturing overhead allocated during 2014. c. Calculate the amount of under- or overallocated manufacturing overhead.

-*s) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014: Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine-hours $ 5,200,000 200,000 $ 5,000,000 180,000 a. Calculate the budgeted manufacturing overhead rate. b. Calculate the manufacturing overhead allocated during 2014. c. Calculate the amount of under- or overallocated manufacturing overhead.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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