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Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted​ indirect-cost rate of​ $15 per direct​ labor-hour. The following data are obtained from the accounting records for June​ 2018:   Direct materials ​$100,000   Direct labor​ (4,000 hours​ @ $10/hour) ​40,000   Indirect labor ​10,000   Plant facility rent ​26,000   Depreciation on plant machinery and equipment ​24,500   Sales commissions ​23,000   Administrative expenses ​31,000     The amount of manufacturing overhead allocated to all jobs during June 2018 totals​ ________.   A. ​$60,500   B. ​$91,500   C. ​$60,000   D. ​$76,000

Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted​ indirect-cost rate of​ $15 per direct​ labor-hour. The following data are obtained from the accounting records for June​ 2018:   Direct materials ​$100,000   Direct labor​ (4,000 hours​ @ $10/hour) ​40,000   Indirect labor ​10,000   Plant facility rent ​26,000   Depreciation on plant machinery and equipment ​24,500   Sales commissions ​23,000   Administrative expenses ​31,000     The amount of manufacturing overhead allocated to all jobs during June 2018 totals​ ________.   A. ​$60,500   B. ​$91,500   C. ​$60,000   D. ​$76,000

FINANCIAL ACCOUNTING
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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Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted​ indirect-cost rate of​ $15 per direct​ labor-hour. The following data are obtained from the accounting records for June​ 2018:
 
Direct materials
​$100,000
 
Direct labor​ (4,000 hours​ @ $10/hour)
​40,000
 
Indirect labor
​10,000
 
Plant facility rent
​26,000
 
Depreciation on plant machinery and equipment
​24,500
 
Sales commissions
​23,000
 
Administrative expenses
​31,000
 
 
The amount of manufacturing overhead allocated to all jobs during June 2018 totals​ ________.
 
A.
​$60,500
 
B.
​$91,500
 
C.
​$60,000
 
D.
​$76,000
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