Rekta Company applies overhead to products on the basis of direct labor cost. The following selected...

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Rekta Company applies overhead to products on the basis of direct labor cost. The following selected costs were incurred during the year: Direct material Direct labor Actual overhead: Indirect material and supplies Indirect labor Plant maintenance Depreciation on factory equipment Other factory cost P 46,000 235,000 73.000 29,000 76.000 P 178,000 345,000 459,000 Rekta's plan for the year included a budgeted direct labor of P320,000 and factory overhead of P448,000. Rekta's overhead for the year was 9) Burns Company budgeted total variable overhead at P180,000 for the current period. In addition, the company budgeted cost for factory rent at P215,000, depreciation on office equipment at P12,000, office rent at P92,000 and depreciation of factory equipment at P38,000. All these costs were based upon estimated machine hours of P80,000. At the end of the period, the factory overhead control account had a balance of P387,875. Actual machine hours were P70,000. The over or under applied overhead for the period is 10) Villar Company estimated Department's A overhead at P255,000 for the period based on an estimated volume of 100,000 direct labor hours. At the end of the period, the factory overhead control account for Department A was charged with P265,000; actual labor hours used were 105,000. The over or under applied overhead for the period is 11) Setsuna uses machine hours as the overhead base. At the beginning of last year, Setsuna estimated 38,000 machine hours and P152,000 of manufacturing overhead costs. For the year, only 37,500 machine hours were logged but P153,500 of overhead cost was incurred. What is Setsuna's under or over applied manufacturing overhead? Rekta Company applies overhead to products on the basis of direct labor cost. The following selected costs were incurred during the year: Direct material Direct labor Actual overhead: Indirect material and supplies Indirect labor Plant maintenance Depreciation on factory equipment Other factory cost P 46,000 235,000 73.000 29,000 76.000 P 178,000 345,000 459,000 Rekta's plan for the year included a budgeted direct labor of P320,000 and factory overhead of P448,000. Rekta's overhead for the year was 9) Burns Company budgeted total variable overhead at P180,000 for the current period. In addition, the company budgeted cost for factory rent at P215,000, depreciation on office equipment at P12,000, office rent at P92,000 and depreciation of factory equipment at P38,000. All these costs were based upon estimated machine hours of P80,000. At the end of the period, the factory overhead control account had a balance of P387,875. Actual machine hours were P70,000. The over or under applied overhead for the period is 10) Villar Company estimated Department's A overhead at P255,000 for the period based on an estimated volume of 100,000 direct labor hours. At the end of the period, the factory overhead control account for Department A was charged with P265,000; actual labor hours used were 105,000. The over or under applied overhead for the period is 11) Setsuna uses machine hours as the overhead base. At the beginning of last year, Setsuna estimated 38,000 machine hours and P152,000 of manufacturing overhead costs. For the year, only 37,500 machine hours were logged but P153,500 of overhead cost was incurred. What is Setsuna's under or over applied manufacturing overhead?

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9 To calculate the over or under applied overhead for Burns Company we need to compare the budgeted ... View the full answer