Homework Answers
1. Applied overhead = Predetermined oh rate * Actual DL hours
= 17 * 57,500 hours
= $977,500
Actual overhead = $891,250
Overhead is overapplied by $86,250
(891,250 - 977,500)
.
2. As overhead applied is higher than what was actually incurred, we can conclude that overhead was overapplied.
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2.
How much manufacturing overhead was allocated to jobs during
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3.
How much manufacturing overhead was incurred during the year?
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Were the jobs overcosted or undercosted? By how much?
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1.
Compute Young's predetermined manufacturing overhead rate.
2.
How much manufacturing overhead was allocated to jobs during
the year?
3.
How much manufacturing overhead was incurred during the year?
Is manufacturing overhead underallocated or overallocated at the
end of the year? By how much?
4.
Were the jobs overcosted or undercosted? By how much?
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