Cream 160 210 550 1,300 Packing Department Whole milk 250 340 Skim milk 400 420 Cream 120 140 770 900 Total 1,320 2,200 Required: 1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hour required, round all amounts to the nearest dollar. a. Direct labor overhead rate 142.15 per direct labor hour b. Machine hour overhead rate 84 per machine hour 2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantw factory overhead rate. Whole Milk Skim Milk Cream Direct labor hours 24 Machine hours
Cream 160 210 550 1,300 Packing Department Whole milk 250 340 Skim milk 400 420 Cream 120 140 770 900 Total 1,320 2,200 Required: 1. Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hour required, round all amounts to the nearest dollar. a. Direct labor overhead rate 142.15 per direct labor hour b. Machine hour overhead rate 84 per machine hour 2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantw factory overhead rate. Whole Milk Skim Milk Cream Direct labor hours 24 Machine hours
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer the bottom half. Question 2. The chart one please and please be accurate.
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Manufacturing overhead means the expense incurred in factory which is not directly linked with production but indirectly related with it . For example , gate keeper salary etc.
Manufacturing overhead is absorbed on some predetermined basis and then compare it with actual manufacturing overhead incurred.
Over or under applied manufacturing overhead will be written off in some predetermined manner.
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