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jerico jerico
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9 years ago
New Age Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of $20 per direct-labor hour. The following data are obtained from the accounting records for August 2014:

   Direct materials   $350,000
   Direct labor  (7,000 hours @ $15/hour)   $105,000
   Indirect labor   $ 25,000
   Plant lease   $ 75,000
   Depreciation on plant and equipment   $  50,000
   Marketing expense   $  20,000
   Plant utilities   $  20,000

Required:
a.   What actual amount of manufacturing overhead cost was incurred during August 2014?
b.   What amount of manufacturing overhead was allocated to all jobs during August 2014?
c.   For August 2014, was manufacturing overhead underallocated or overallocated? Explain.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
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#3
9 years ago
Grinning Face
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