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