-*s) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014: Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine-hours $ 5,200,000 200,000 $ 5,000,000 180,000 a. Calculate the budgeted manufacturing overhead rate. b. Calculate the manufacturing overhead allocated during 2014. c. Calculate the amount of under- or overallocated manufacturing overhead.
-*s) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2014: Budgeted manufacturing overhead costs Budgeted machine-hours Actual manufacturing overhead costs Actual machine-hours $ 5,200,000 200,000 $ 5,000,000 180,000 a. Calculate the budgeted manufacturing overhead rate. b. Calculate the manufacturing overhead allocated during 2014. c. Calculate the amount of under- or overallocated manufacturing overhead.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
Related questions
Question
![s) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted
rate per machine-hour. The following data are available for 2014:
Budgeted manufacturing overhead costs
Budgeted machine-hours
Actual manufacturing overhead costs
Actual machine-hours
$ 5,200,000
200,000
$ 5,000,000
180,000
a. Calculate the budgeted manufacturing overhead rate.
b. Calculate the manufacturing overhead allocated during 2014.
c. Calculate the amount of under- or overallocated manufacturing overhead.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F14f77023-d7b3-4cc8-bebe-4108c30aae53%2F15224f36-e0c9-4acd-9168-cd131f55d626%2Fuexbful_processed.jpeg&w=3840&q=75)
Transcribed Image Text:s) A Company uses normal costing. It allocates manufacturing overhead costs using a budgeted
rate per machine-hour. The following data are available for 2014:
Budgeted manufacturing overhead costs
Budgeted machine-hours
Actual manufacturing overhead costs
Actual machine-hours
$ 5,200,000
200,000
$ 5,000,000
180,000
a. Calculate the budgeted manufacturing overhead rate.
b. Calculate the manufacturing overhead allocated during 2014.
c. Calculate the amount of under- or overallocated manufacturing overhead.
Expert Solution
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Here we calculate the following overhead rates by using the given information so the calculation of the following by using the given information which are as follow-
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