Question: Question 4: (10 marks) Ninder Manufacturing uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At

Question 4: (10 marks) Ninder Manufacturing uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: Manufacturing overhead costs Direct labour cost Machine hours $450,000 1,250,000 75,000 At the end of the year, the company had actually incurred the following: Direct labour cost $1,300,000 Depreciation on manufacturing plant and equipment Property taxes on plant Sales salaries Delivery drivers wages Plant janitors wages Machine hours 425,000 15,000 18,500 10,500 8,500 74,500 hours Required: 1. Compute Ninder's predetermined overhead rate. 2. How much manufacturing overhead was applied to jobs during the year? 3. How much manufacturing overhead was incurred during the year? 4. Is manufacturing overhead over applied or under applied at the end of the year and by how much?
 Question 4: (10 marks) Ninder Manufacturing uses a predetermined manufacturing overhead

Question 4: (10 marks) Ninder Manufacturing uses a predetermined manufincturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the compeny expected to incur the following: At the end of the year, the company had actually incurred the following: Required: 1. Compute Ninder's predetermined overhead rale. 2. How much manufacturing overhead was applied to jobs during the year? 3. How much manufacturing overhesd was incurred during the year? 4. Is manuficturing overhead over applied or under applied at the end of the year and by how much

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!

Q:

\f