Question
Overhead is applied on the basis of direct labor hours. Three direct labor hours are required for each product
unit. Planned production for the period was set at 8,000 units. Manufacturing overhead for the period is budgeted at $204,000, of which 30 percent is fixed. The 26,200 hours worked during the period resulted in production of 8,500 unites. Manufacturing overhead cost incurred was $220,500
Recently Asked Questions
- A Ltd. reported net income of $465,000. This amounts includes a deduction for amortization expense of $9,000. The following information compares account
- X Ltd. reported sales as follows: January (actual) February (actual) March (actual) April (estimate) May (estimate) $580,000 $600,000 $450,000 $700,000
- A project has fixed costs of $1,000 per yer, depreciation charges of $500 a year, sales of 5000 units a year, selling price is $1.20 per unit and variable cost