Armidale Electronics manufactures surround sound systems and applies manufacturing costs

Armidale Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of $22 per direct-labor hour. The following data are obtained from the accounting records for August 2012:

Direct materials $350,000

Direct labor (7,000 hours @ $15/hour) $105,000

Indirect labor $15,000

Plant lease $75,000

Depreciation on plant and equipment $40,000

Marketing expense $20,000

Plant utilities $15,000

Required:

a. What actual amount of manufacturing overhead cost was incurred during August 2012?

b. What amount of manufacturing overhead was allocated to all jobs during August 2012?

c. For August 2012, was manufacturing overhead under-allocated or over-allocated? Explain.

d. What are the implications for the company, based on your outcome for ‘c’?



AFTER PAYMENT ENTER PASSWORD : "SHIV" TO UNLOCK THE SOLUTION

Comments

Post a Comment

Popular posts from this blog

You are given a choice of taking the simple interest on 100,000 invested for 2 years

You are given a choice of taking the simple interest on  100,000 invested for 2 years at a rate of 3% Or the interest on 100,000 invested for 2 years at an interest rate of 3% compounded quarterly.Which investment earns the greater amount ofinterest? Give the difference between the amounts of interest earned by the two investments.The investment with -----------interest earns $________more interest ((Round to the nearest Cent as needed) Karen Gaines invested $10,000 in a money market account with an interest rate of 1.75% compounded semiannually. Six yearslater, Karen withdrew the full amount to put toward the down payment on a new house. How much did Karen withdraw from the account? Karen withdrew $ . (Round to the nearest cent as needed.) Click here to download the Solution
Read more

Complete the spreadsheet template following Steps 1–10, building a comprehensive workbook of data and analyses that will inform your conclusions

Complete the spreadsheet template following Steps 1–10, building a comprehensive workbook of data and analyses that will inform your conclusions in Step 10. Your final spreadsheet should include the following: Tab 1: DATA – completed data sheet (Steps 1–6 above) Tab 2: Excel Summary Stats (Step 7) Tab 3: Graphs – Charts (Step 8) Tab 4: Histogram (Step 8) Tab 5: Sorted Data (Step 9) Format this workbook so that all the spreadsheets can be printed. Now that you have completed your analysis, think about the patterns you’ve seen in the workforce.   Write a short 3-4 paragraph summary of your analysis. This is important. While you have done a wonderful job with your analysis, you can never assume that the end-user will be able to interpret the data the way it should be understood. Supporting narrative is helpful (I call this, never simply providing a “raw data” dump – strive to provide information!). The paper sections include - one paragraph narrative summary of your findings; describing
Read more