R3 HW Presentation - Recitation 3 Problem 3-35: Formula...

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Unformatted text preview: Recitation 3 Problem 3-35: Formula Answer Machine Hours Budgeted OH Budgeted Machine Hours $364,000 10,000 hours $36.4 per machine hour Direct-Labor Hours Budgeted OH Budgeted Direct- Labor Hours $364,000 20,000 hours $18.2 per direct-labor hour Direct-Labor Dollars Budgeted OH Budgeted Direct- Labor Cost $364,000 $280,000 $1.30 per direct-labor cost or 130% of direct- labor cost Budgeted Direct-Labor Cost = (20,000 hours)($14)= $280,000 PREDETERMINED OVERHEAD RATE Problem 3-35: Formula Applied OH Answer Machine Hours Actual OH Applied OH (POH Rate) x (Actual MH) $340,000 - (11,000 hrs) x ($36.40) $60,400 overapplied overhead Direct-Labor Hours Actual OH Applied OH (POH Rate) x (Actual Direct-Labor hours) $340,000 - (18,000 hrs) x ($18.20) $12,400 underapplied overhead Direct-Labor Dollars Actual OH Applied OH (POH Rate) x (Actual Direct-Labor Cost) $340,000 - ($270,000) x ($1.30) $11,000 overapplied overhead Actual Direct-Labor Cost = (18,000 hours)($15) = $270,000 OVERAPPLIED/ UNDERAPPLIED OVERHEAD Problem 3-36: Journal Entries...
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This note was uploaded on 02/27/2012 for the course MGMT 201 taught by Professor Rowe during the Spring '08 term at Purdue University-West Lafayette.

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R3 HW Presentation - Recitation 3 Problem 3-35: Formula...

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