Levi Corporation uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined overhead rate was based on estimated total fixed manufacturing overhead of $702,000 and 30,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $738,000 and 27,100 total direct labor-hours during the period.Required:Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.
What will be an ideal response?
| ? | Predetermined overhead rate (a) | $23.40 | per direct labor-hour |
| ? | Actual activity level (b) | 27,100 | direct labor-hours |
| ? | Manufacturing overhead applied (a) × (b) | $634,140 | ? |
You might also like to view...
Sandven Corporation uses the direct method to allocate its two service department costs to its two operating departments. Data concerning those departments follow: Service Department AService Department BOperating Department XOperating Department YDepartmental costs$34,300$66,230$161,710$503,220Allocation base A 5,000 1,000 32,000 17,000Allocation base B 8,000 2,000 32,000 5,000 Service Department A costs are allocated on the basis of allocation base A and Service Department B costs are allocated on the basis of allocation base B. Required:Allocate the service department costs to the operating departments using the direct method.
What will be an ideal response?
Trade dress refers to:
a. a commercial symbol that concerns the "look and feel" of a product b. a commercial symbol that concerns the production of a product c. a private symbol that concerns the heritage of a family d. a private symbol that concerns the "look and feel" of a company's reputation e. a company's dress code
A strong economy leads to
a. lower inflation d. lower productivity b. lower interest rates e. higher unemployment c. higher employment
The return on a portfolio of stocks is the average of the returns on the stocks in the portfolio weighted by the percentage of the portfolio's value invested in each stock
Indicate whether the statement is true or false