Question: Hamada Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020: Budgeted manufacturing
Hamada Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2020: Budgeted manufacturing overhead costs $4,025,000, Budgeted machine-hours 175,000, Actual manufacturing overhead costs $4,050,000, and Actual machine-hours170,000. the budgeted manufacturing overhead rate is:
a. $24.71 per machine-hour
b. $24.00 per machine-hour
c. $23.14 per machine-hour
d. $23.00 per machine-hour
Products with a relatively low sales value are known as:
a. byproducts
b. joint products
c. scrap
d. main products
The step-down allocation method:
a. recognizes the total amount of services that support departments provide to each other
b. offers key input for outsourcing decisions
c. allocates complete reciprocated costs
d. typically begins with the support department that provides the highest percentage of its total services to other support departments
Please please, I don't have enough time, help me
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