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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $12 per direct labor-hour. The following data are obtained from the accounting records for June 2014:

   Direct materials   $350,000
   Direct labor (16,000 hours @ $11/hour)   176,000
   Indirect labor   20,000
   Plant facility rent   100,000
   Depreciation on plant machinery and equipment   40,000
   Sales commissions   50,000
   Administrative expenses   60,000

Required:
a.   What actual amount of manufacturing overhead costs was incurred during June 2014?
b.   What amount of manufacturing overhead was allocated to all jobs during June 2014?
c.   For June 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
I can confidently say that it looks and sounds right lol Thank you Slight Smile Give this man a thumbs up.
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#3
9 years ago
I'm happy to help you, how luck with the others, I noticed you've posted a lot of questions.
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