Question 5 . Question : ( TCO 2 ) Paul Company applies manufacturing overhead based on direct labor cost . Information concerning manufacturing overhead and labor for August follows .
|
Estimated |
Actual |
Overhead cost |
$ 174,000 |
$ 171,000 |
Direct labor hours |
5,800 |
5,900 |
Direct labor cost |
$ 87,000 |
$ 89,975 |
How much is the predetermined overhead rate ?
Question 6 . Question : ( TCO 2 ) During 2015 , Michael Company applied overhead using a job-order costing system at a rate of $ 15 per direct labor hours . Estimated direct labor hours for the year were 150,000 , and estimated overhead for the year was $ 2,250,000 . Actual direct labor hours for 20x1 were 140,000 , and actual overhead was $ 2,400,000 . What is the amount of under- or over-applied overhead for the year ?
Question 7 . Question : ( TCO 2 ) Manufacturers follow four steps to implement a manufacturing overhead allocation system . What is the first step ?
Question 1 . Question : ( TCO 1 ) Which of the following topics is the focus of managerial accounting ?
Question 2 . Question : ( TCO 6 ) Smile Labs develops 35mm film using a four-step process that moves progressively through four departments . The company specializes in overnight service and has the largest drug store chain as its primary customer . Currently , direct