Aquatics manufactures swimming pool equipment. Determine the total overallocation or under allocation of manufacturing overhead during the year. Actual manufacturing costs for the year totalled $ 2,700,000

1. Assume that Dimopoulos used direct labour hours as the allocation base.

2. Assume that Dimopoulos used the direct labour cost as the allocation base.

3. Assume that Dimopoulos used machine hours as the allocation base.

4. Were there any situations in which jobs were costed correctly? If not, when were they overcosted? When were the undercoated?

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Homework: Chapter 5 Save Score: 0.21 of 1 pt 2 of 14 (2 complete) HW Score: 1.53%, 0.21 of 14 pts A S5-5 (similar to) EQuestion Help O Dimopoulos Aquatics manufactures swimming pool equipment. Determine the total overallocation or underallocation of manufacturing overhead during the year. Actual manufacturing costs for the year totalled $2,700,000. E (Click the icon to view data.) 1. Assume that Dimopoulos used direct labour hours as the allocation base. 2. Assume that Dimopoulos used the direct labour cost as the allocation base. 3. Assume that Dimopoulos used machine hours as the allocation base. 4. Were there any situations in which jobs were costed correctly? If not, when were they overcosted? When were they undercosted? - X 1. Determine the total overallocation or underallocation of manufacturing overhead assuming that Dimopoulos used direct labour hours as the allocation base. Data Table Manufacturing overhead is by $ Manufacturing Total manufacturing overhead rate Actual use overhead allocated Direct labour hours $ 67 39,900 2$ 2,673,300 Direct labour dollars 208% $1,230,600 $ 2,559,648 Machine hours 2$ 83 38,500 3,195,500 Print Done Enter your answer in the answer box and then click Check Answer. 3 parts remaining Clear All Check Answer Homework: Chapter 5 Save Score: 0.21 of 1 pt 2 of 14 (2 complete) HW Score: 1.53%, 0.21 of 14 pts A S5-5 (similar to) EQuestion Help O Dimopoulos Aquatics manufactures swimming pool equipment. Determine the total overallocation or underallocation of manufacturing overhead during the year. Actual manufacturing costs for the year totalled $2,700,000. E (Click the icon to view data.) 1. Assume that Dimopoulos used direct labour hours as the allocation base. 2. Assume that Dimopoulos used the direct labour cost as the allocation base. 3. Assume that Dimopoulos used machine hours as the allocation base. 4. Were there any situations in which jobs were costed correctly? If not, when were they overcosted? When were they undercosted? - X 1. Determine the total overallocation or underallocation of manufacturing overhead assuming that Dimopoulos used direct labour hours as the allocation base. Data Table Manufacturing overhead is by $ Manufacturing Total manufacturing overhead rate Actual use overhead allocated Direct labour hours $ 67 39,900 2$ 2,673,300 Direct labour dollars 208% $1,230,600 $ 2,559,648 Machine hours 2$ 83 38,500 3,195,500 Print Done Enter your answer in the answer box and then click Check Answer. 3 parts remaining Clear All Check Answer