ACCT 251 Chapter 4 Quiz

ACCT 251 Chapter 4 Quiz - The following information is...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: ______________________________ ACCT 251 Management Accounting Chapter 4 Quiz Fall 2009 ABC Manufacturing , Inc, produces motors for household appliances such as dishwashers. The process takes place in two departments: Fabrication and Assembly. The Fabrication department makes the primary parts that will be used in the motors. The Assembly department adds smaller parts that are purchased from outside suppliers and assembles all of the parts to complete the motors. The process in the Fabrication department is very machine intensive, so overhead for the department is applied based on machine hours. The process in the Assembly department is very labor intensive, so overhead is applied based on direct labor hours.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The following information is available for 2008. Fabrication Assembly Estimated Actual Estimated Actual Direct labor hours 30,000 22,500 75,000 80,000 Machine hours 90,000 100,000 12,500 15,000 Direct labor cost $300,000 $225,000 $600,000 $640,000 Overhead cost $360,000 $420,000 $750,000 $720,000 Required: 1. Compute the predetermined overhead rate for each department. 2. Calculate the applied overhead for each department and in total for the company in 2008. 1 3. Determine the underapplied or overapplied overhead for each department and in total for the company in 2008. 2...
View Full Document

This note was uploaded on 04/01/2010 for the course ACCT 251 taught by Professor Schoener during the Fall '09 term at NMSU.

Page1 / 2

ACCT 251 Chapter 4 Quiz - The following information is...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online