During the first two months of 2022, Crane Company incurred the following direct labor costs: January...
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During the first two months of 2022, Crane Company incurred the following direct labor costs: January $16,400 and February $24,600. Crane uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively. totaled $15,990 and $29,274. Actual overhead for the 2 months, respectively, totaled $20,500 and $27,470. Calculate overhead applied. January February $ $ Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January February During the first two months of 2022, Crane Company incurred the following direct labor costs: January $16,400 and February $24,600. Crane uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively. totaled $15,990 and $29,274. Actual overhead for the 2 months, respectively, totaled $20,500 and $27,470. Calculate overhead applied. January February $ $ Determine if manufacturing overhead is over- or underapplied for each of the two months and the respective amounts. January February
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Managerial Accounting for Managers
ISBN: 978-0073527130
2nd edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
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