1. Calculate total direct costs and total indirect (MOH) costs. (Enter amounts in thousands)Total direct cost $_________Total indirect (MOH) cost $_______2. Assume Dwifty used a budgeted MOH rate to apply MOH costs, and the total cost applied this year is $289,000. How much did the company under-or overapply for its MOH costs?MOH costs was _______________(underapplied, overapplied, not over/underapplied by $_______________. ProductCostAmountor PeriodDirector IndirectPlastic material and springs for clips$322ProductDirectCEO's salary112PeriodNAAdvertising27PeriodNAResearch and development17PeriodNAWages for factory workers422ProductDirectUtility costs in plant69ProductIndirect ▼Plant supervisor salaries188ProductIndirectDepreciation of plant assets56ProductIndirect ▾Salaries and commissions to salespeople207PeriodNA

Direct materials and direct labor can be easily identified and charged separately. Overhead costs…

Answered: Calculate total direct costs and total…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Calculate total direct costs and total indirect (MOH) costs. (Enter amounts in thousands)

Total direct cost $_________

Total indirect (MOH) cost $_______

2. Assume Dwifty used a budgeted MOH rate to apply MOH costs, and the total cost applied this year is $289,000. How much did the company under-or overapply for its MOH costs?

MOH costs was _______________(underapplied, overapplied, not over/underapplied by $_______________.

Product
Cost
Amount
or Period
Direct
or Indirect
Plastic material and springs for clips
$322
Product
Direct
CEO's salary
112
Period
NA
Advertising
27
Period
NA
Research and development
17
Period
NA
Wages for factory workers
422
Product
Direct
Utility costs in plant
69
Product
Indirect ▼
Plant supervisor salaries
188
Product
Indirect
Depreciation of plant assets
56
Product
Indirect ▾
Salaries and commissions to salespeople
207
Period
NA

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