GN_ch3 - Exercise 3-3(15 minutes 1 Predetermined overhead...

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Exercise 3-3  (15 minutes) 1. Predetermined overhead rates: Company A: Estimated total manufacturing overhead cost Predetermined = overhead rate Estimated total amount of the allocation base $432,000 = =$7.20 per DLH 60,000 DLHs Company B: Estimated total manufacturing overhead cost Predetermined = overhead rate Estimated total amount of the allocation base $270,000 = =$3.00 per MH 90,000 MHs Company C: Estimated total manufacturing overhead cost Predetermined = overhead rate Estimated total amount of the allocation base $384,000 = =160% of materials cost $240,000 materials cost 2. Actual overhead costs incurred. ......................... $420,000 Overhead cost applied to Work in Process: 58,000* actual hours × $7.20 per hour. ............   417,600     Underapplied overhead cost. .............................. $ 2,400 *7,000 hours + 30,000 hours + 21,000 hours = 58,000 hours
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Exercise 3-5  (15 minutes) 1. Milling Department:
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GN_ch3 - Exercise 3-3(15 minutes 1 Predetermined overhead...

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