1. The following cost data relates to Bruno Company for the year 2008: Estimated manufacturing overhead costs $240,000 Estimated direct labor cost 300,000 Estimated direct labor hours 30,000 Actual direct labor cost 315,000 Actual direct labor hours 33,000 Allocation base: Direct labor cost Other expenses (Actual): Factory depreciation on equipment $65,300 Factory rent 51,000 Factory utilities 28,900 Factory property taxes 26,000 Indirect labor 23,800 Indirect materials 32,000 Sales commissions 52,500 Required: a. Manufacturing overhead allocated for 2008 is: b. The entry to dispose of the manufacturing overhead variance is:
1. The following cost data relates to Bruno Company for the year 2008:
Estimated
Estimated direct labor cost 300,000
Estimated direct labor hours 30,000
Actual direct labor cost 315,000
Actual direct labor hours 33,000
Allocation base: Direct labor cost
Other expenses (Actual):
Factory
Factory rent 51,000
Factory utilities 28,900
Factory property taxes 26,000
Indirect labor 23,800
Indirect materials 32,000
Sales commissions 52,500
Required:
a. Manufacturing overhead allocated for 2008 is:
b. The entry to dispose of the manufacturing overhead variance is:
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