Question: 0.8pu Sve Answer Barefoot Running Company's work in process inventory on June 1 has a balance of $22,500 representing Job No. 265. During June, $51,000
0.8pu Sve Answer Barefoot Running Company's work in process inventory on June 1 has a balance of $22,500 representing Job No. 265. During June, $51,000 of direct materials were requisitioned for Job No. 265 and $35,100 of direct labor cost was incurred on Job No. 265. Manufactturing overhead is allocated at 125 % of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,600. No new jobs were started during June. Job No. 265 is completed on June 28 Is manufacturing overhead overallocated or underallocated for the month of June? By how much? $2275 overalilocated $13,475 overallocated $2275 underallocated $13,475 underallocated
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
