Thompson Manufacturing has the following overhead-related data: • Estimated Manufacturing Overhead: $425,000 • ⚫ Estimated Direct Labor Cost: $500,000 ⚫ Actual Direct Labor Cost: $475,000 • • Indirect labor: $65,000 • Factory rent: $85,000 ⚫ Equipment depreciation: $95,000 . Indirect materials: $45,000 If the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs?

Thompson Manufacturing has the following overhead-related data: • Estimated Manufacturing Overhead: $425,000 • ⚫ Estimated Direct Labor Cost: $500,000 ⚫ Actual Direct Labor Cost: $475,000 • • Indirect labor: $65,000 • Factory rent: $85,000 ⚫ Equipment depreciation: $95,000 . Indirect materials: $45,000 If the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 11EB: A company has the following information relating to its production costs: Compute the actual and...

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