3-30 - $13.30 per hour 2 To compute actual manufacturing...

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DATA INPUT Pensacola Glass Works hours per hour Budgeted direct-labor cost: 75,000 $16 Actual direct-labor cost: 80,000 $17.50 Budgeted manufacturing overhead: $997,500 Actual manufacturing overhead: Depreciation $231,000 Property taxes 21,000 Indirect labor 82,000 Supervisory salaries 200,000 Utilities 59,000 Insurance 30,000 Rental of space 300,000 Indirect material (see data below) 79,000 Indirect material: Beginning inventory, January 1 48,000 Purchases during the year 94,000 Ending inventory, December 31 63,000 SOLUTION 1. Predetermined overhead rate
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Unformatted text preview: $13.30 per hour 2. To compute actual manufacturing overhead: Depreciation $231,000 Property taxes 21,000 Indirect labor 82,000 Supervisory salaries 200,000 Utilities 59,000 Insurance 30,000 Rental of space 300,000 Indirect material: Beginning inventory, January 1 $48,000 Add: Purchases 94,000 Indirect material available for use 142,000 Deduct: Ending inventory, December 31 63,000 Indirect material used 79,000 Actual manufacturing overhead $1,002,000 Overapplied o $(62,000.00)...
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