Question: I need the answer with acual costing. today please Assignment (1) The following information related to Instep Company, and is available for 2014: Budgeted direct

 I need the answer with acual costing. today please Assignment (1)
I need the answer with acual costing. today please

Assignment (1) The following information related to Instep Company, and is available for 2014: Budgeted direct manufacturing labor - hours 22500 Budgeted manufacturing overhead costs 315000 Costs of actual material used 148000 Actual direct manufacturing labor- hours 20000 Actual manufacturing overhead costs 300000 There were two jobs in process on December 31,2014: job 11 and job 12: Direct materials direct labor Job 11 4870 5100 Job 12 5910 6800 Requirement: Compute the overhead allocation rate Compute the cost of job 11 and job 12 using actual costing Calculate under-or overallocated

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!