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Requirements Determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs in the following independent situations. 1. Assume that the company actually used 51,700 direct labor hours. 2. Assume that the company actually incurred $1,020,000 of direct labor cost. 3. Assume that the company actually ran the machines 39,500 hours. 4. Briefly explain what you have learned about the total manufacturing overhead allocated to production. Data table Estimated manufacturing overhead costs Direct labor hours $ Direct labor dollars $ Machine hours $ 1,400,000 1,400,000 1,400,000 Estimated quantity of allocation base 50,000 $ 1,000,000 40,000 X d 51,700 dire Predetermined overhead rate $28.00 per DL hour 140% of DL cost $35.00 per MH

Requirements Determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs in the following independent situations. 1. Assume that the company actually used 51,700 direct labor hours. 2. Assume that the company actually incurred $1,020,000 of direct labor cost. 3. Assume that the company actually ran the machines 39,500 hours. 4. Briefly explain what you have learned about the total manufacturing overhead allocated to production. Data table Estimated manufacturing overhead costs Direct labor hours $ Direct labor dollars $ Machine hours $ 1,400,000 1,400,000 1,400,000 Estimated quantity of allocation base 50,000 $ 1,000,000 40,000 X d 51,700 dire Predetermined overhead rate $28.00 per DL hour 140% of DL cost $35.00 per MH

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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Requirements Determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs in the following independent situations. 1. Assume that the company actually used 51,700 direct labor hours. 2. Assume that the company actually incurred $1,020,000 of direct labor cost. 3. Assume that the company actually ran the machines 39,500 hours. 4. Briefly explain what you have learned about the total manufacturing overhead allocated to production. Data table Estimated manufacturing overhead costs Direct labor hours $ Direct labor dollars $ Machine hours $ 1,400,000 1,400,000 1,400,000 Estimated quantity of allocation base 50,000 $ 1,000,000 40,000 X d 51,700 dire Predetermined overhead rate $28.00 per DL hour 140% of DL cost $35.00 per MH
Transcribed Image Text:Requirements Determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs in the following independent situations. 1. Assume that the company actually used 51,700 direct labor hours. 2. Assume that the company actually incurred $1,020,000 of direct labor cost. 3. Assume that the company actually ran the machines 39,500 hours. 4. Briefly explain what you have learned about the total manufacturing overhead allocated to production. Data table Estimated manufacturing overhead costs Direct labor hours $ Direct labor dollars $ Machine hours $ 1,400,000 1,400,000 1,400,000 Estimated quantity of allocation base 50,000 $ 1,000,000 40,000 X d 51,700 dire Predetermined overhead rate $28.00 per DL hour 140% of DL cost $35.00 per MH
Edmonton Pools manufactures swimming pool equipment. Edmonton has estimated the following manufacturing overhead rates using different independent situations: (Click the icon to view the rates.) Read the requirements C 1. Determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs assuming that the company actually used 51,700 direct labor hours. Enter the formula and compute the total manufacturing overhead allocated to Edmonton's manufacturing jobs. Manufacturing overhead allocated
Transcribed Image Text:Edmonton Pools manufactures swimming pool equipment. Edmonton has estimated the following manufacturing overhead rates using different independent situations: (Click the icon to view the rates.) Read the requirements C 1. Determine the total manufacturing overhead allocated to Edmonton's manufacturing jobs assuming that the company actually used 51,700 direct labor hours. Enter the formula and compute the total manufacturing overhead allocated to Edmonton's manufacturing jobs. Manufacturing overhead allocated
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