Czerka Company uses a standard-costing system. For the month of April 2019, total overhead is budgeted...
Czerka Company uses a standard-costing system. For the month of April 2019, total overhead is budgeted at $80,000 based on the output of 20,000 machine-hours. At standard, each finished unit of output requires 2 machine-hours. The following data are available for April 2019 production: units of output, 9,500; machine-hours used, 19,500; actual total overhead incurred, $79,500. The amount that Czerka Company should credit to Manufacturing Overhead Allocated for the month of April 2019 is closest to:
| a. |
$76,000 |
|
| b. |
$78,000 |
|
| c. |
$79,500 |
|
| d. |
$80,000 |
Homework Answers
| Standard Overhead Rate Per Hour = Budgeted Overhead / Budgeted Hours | ||||||||
| =$80000/20000 Hours | ||||||||
| =$4 per hour | ||||||||
| In the given question it is given that overheads are allocated based on machine hours | ||||||||
| therefore allocation of overhead | ||||||||
| =$4 per hour *19500 hours | ||||||||
| =$78000 | ||||||||
| Therefore option "b" is correct. | ||||||||
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