Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
dxpayne dxpayne
wrote...
Go to Answer
Posts: 930
Rep: 1 0
6 years ago
Sambell Manufacturing uses a predetermined manufacturing overhead rate to allocate
overhead to individual jobs. At the beginning of the year, the company expected to incur the following:

Manufacturing overhead costs    $240,000
Direct labour cost    600,000
Machine hours    25,000

At the end of the year, the company had actually incurred the following:

Direct labour cost    $920,000
Depreciation on manufacturing plant and equipment    250,000
Property taxes on plant    35,000
Sales salaries   12,000
Delivery drivers wages    8,000
Plant janitors wages    10,000
Machine hours    25,500 hours

Required:
1.   Compute Sambell's indirect cost allocation rate based on labour cost.
2.   Compute Sambell's indirect cost allocation rate based on machine hours.
3.   How much overhead was allocated during the year if the allocation base was direct labour cost?
4.   How much manufacturing overhead was incurred during the year?
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 89 times
2 Replies
Replies
Answer verified by a subject expert
MunihasenMunihasen
wrote...
#1
Top Poster
Posts: 685
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 110 words.
1

Related Topics

dxpayne Author
wrote...
#2
6 years ago
Shared this answer this my study group, thank you for helping us out
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  870 People Browsing
 114 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1752
  
 413
  
 393
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 365
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?