Smith Co, has the following manufacturing costs: Budgeted indirect-cost rate of $10 per direct labor-hour Direct...
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Smith Co, has the following manufacturing costs: Budgeted indirect-cost rate of $10 per direct labor-hour Direct materials Direct labor (14,000 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses Required: $400,000 $ 154,000 $ 40,000 $ 150,000 $ 32,000 $ 60,000 $ 50,000 a. What was the actual amount of manufacturing overhead costs? b. What was the manufacturing overhead cost allocated? C. was manufacturing overhead under allocated or over allocated? Smith Co, has the following manufacturing costs: Budgeted indirect-cost rate of $10 per direct labor-hour Direct materials Direct labor (14,000 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses Required: $400,000 $ 154,000 $ 40,000 $ 150,000 $ 32,000 $ 60,000 $ 50,000 a. What was the actual amount of manufacturing overhead costs? b. What was the manufacturing overhead cost allocated? C. was manufacturing overhead under allocated or over allocated?
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