Consider the following selected cost data for the Katharine Forging Company for 2006. Budgeted manufacturing overhead 7,200,000
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Consider the following selected cost data for the Katharine Forging Company for 2006.
Budgeted manufacturing overhead 7,200,000
Budgeted machine-hours 200,000
Actual manufacturing overhead 6,500,000
Actual machine-hours 190,000
Katharine's job-costing system has a single manufacturing overhead cost pool. Costs are allocated to jobs using a budgeted machine-hour rate and actual machine-hours. Any amount of under- or over-allocation is written off to
1. The budgeted manufacturing overhead rate is?
2. The journal entry for the allocation of manufacturing overhead will include a?
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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