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Unformatted text preview: 13-54 Overhead Accounting for Control and for Product CostingThe pickle department of a major food manufacturer has an overhead rate of $5 per direct-labor hour,based on expected variable overhead of $150,000 per year, expected fixed overhead of $350,000 peryear, and expected direct-labor hours of 100,000 per year.Data for the year’s operations follow: Direct-Labor Overhead Costs Hours Used Incurred*First six months 55,000 $262,000Last six months 41,000 236,500*Fixed costs incurred were exactly equal to budgeted amounts throughout the year....
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This note was uploaded on 07/18/2011 for the course ACC 561 taught by Professor Cole during the Spring '09 term at University of Phoenix.
- Spring '09