Filex Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate...
- Filex Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $18 per direct labor-hour. The following data are obtained from the accounting records for June 2014:
|
Direct materials |
$140,000 |
|
Direct labor (4,000 hours @ $10/hour) |
40,000 |
|
Indirect labor |
13,000 |
|
Plant facility rent |
30,000 |
|
Depreciation on plant machinery and equipment |
22,500 |
|
Sales commissions |
24,000 |
|
Administrative expenses |
28,000 |
For June 2014, manufacturing overhead is _____?
- Underallocated by $6,500
- Underallocated by $21,500
- Overallocated by $21,500
- Overallocated by $6,500
- None of the above
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Filex Company manufactures pipes and applies manufacturing
overhead costs to production at a budgeted indirect-cost rate...
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#5
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answers in blue boxes are wrong, please correct
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5. Plastic Products Company manufactures pipes and applies manufacturing costs to production at a predetermined overhead rate of $12 per direct labor-hour. The following data are obtained from the accounting records for June: Direct materials Direct labor (16,000 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses Sales revenue Cost of goods sold (before adjustment for over/under applied overhead) $350,000 176,000 20,000 100,000 40,000 50,000 60,000 1,200,000 360,000 Required: a. What...
and d. what is the journal entry to write off the
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#5
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answers in blue boxes are wrong, please correct
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