Mokthar Company allocates manufacturing overhead costs using machine-hours and the normal costing method. The following data...

 

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Mokthar Company allocates manufacturing overhead costs using machine-hours and the normal costing method. The following data are available for 2014: Budgeted manufacturing overhead cost $1,050,000 Budgeted machine-hours 15,000 $1,200,000 12,000 The direct manufacturing costs of Job 65 equal $50,000. Job 65 used 300 machine hours in 2014. . Actual manufacturing overhead cost . Actual machine-hours Required: Compute the overhead under or overallocated [2 Marks) Mokthar Company allocates manufacturing overhead costs using machine-hours and the normal costing method. The following data are available for 2014: Budgeted manufacturing overhead cost $1,050,000 Budgeted machine-hours 15,000 $1,200,000 12,000 The direct manufacturing costs of Job 65 equal $50,000. Job 65 used 300 machine hours in 2014. . Actual manufacturing overhead cost . Actual machine-hours Required: Compute the overhead under or overallocated [2 Marks)

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