Maynard Company uses normal costing It allocates manufacturing overhead costs using a budgeted rate per machine hour The following data are available for 2014 Budgeted manufacturing overhead costs $4,150,000 Budgeted machine hours 166,000 Actual manufacturing overhead costs $3,990,000 Actual machine hours 161,000 1 Calculate the budgeted manufacturing overhead rate 2 Calculate the manufacturing overhead allocated during 2014 3 Calculate the amount of under or overallocated manufacturing overhead Why do Maynard's managers need to calculate thisamount Requirement 1 Calculate the budgeted manufacturing overhead rate Determine the formula, then calculate the budgeted manufacturing overhead rate Budgeted manufacturing overhead rate

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Question: Maynard Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014: Budgeted manufacturing

Maynard Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for

2014:

Budgeted manufacturing overhead costs	$4,150,000
Budgeted machine-hours	166,000
Actual manufacturing overhead costs	$3,990,000
Actual machine-hours	161,000

Calculate the budgeted manufacturing overhead rate.

Calculate the manufacturing overhead allocated during 2014.

Calculate the amount of under- or overallocated manufacturing overhead. Why do Maynard's managers need to calculate thisamount?

Requirement 1. Calculate the budgeted manufacturing overhead rate.

Determine the formula, then calculate the budgeted manufacturing overhead rate.

	/		=	Budgeted manufacturing overhead rate
	/		=

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