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R3 HW Presentation

# R3 HW Presentation - Recitation 3 Problem 335 Formula...

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Recitation 3

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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 If Actual OH > Applied OH = Underapplied Overhead OVERAPPLIED/ UNDERAPPLIED  OVERHEAD

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R3 HW Presentation - Recitation 3 Problem 335 Formula...

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