Ripley, Inc., costs products using a normal costing system. The following data are available for last year:
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Question:
Ripley, Inc., costs products using a normal costing system. The following data are available for last year:
Overhead is applied on the basis of direct labor hours.
Required:
1. What was the predetermined overhead rate?
$________ per direct labor hour
2. What was the applied overhead for last year?
$_________
3. Was overhead over- or underapplied, and by how much?
- Select your answer -Overapplied overheadUnderapplied overheadItem 3 = $________
4. What was the total cost per unit produced (carry your answer to four significant digits)?
$_________ per unit
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date: