ACTG 2300 Lecture 20: Day 20 Notes

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Day 20
Exercise 3-1 (p. 115)
#1. Total Estimated Man. OH
Variable = $2.00 / hour * 20,000 hours = $40,000 / hour
Fixed = $94,000
Total = $40,000 + $94,000 = $134,000
#2. Total Estimated Allocation Base (direct labor hours)
Given = 20,000
----- #1 / #2 = $6.70 per direct labor hour
Predetermined Man. OH Rate
Exercise 3-2 (p. 115)
#1. Total Estimated Man. OH
Total = $257,400
#2. Total Estimated Allocation Base (direct labor hours)
Given = 11,000
----- #1 / #2 = $23.40 per direct labor hour
Predetermined Man. OH Rate
#3. Predetermined Man. OH Rate
$23.40 per direct labor hour
#4. Actual Allocation Base incurred by each Cost Object
Given = 10,8000 direct labor hour
----- #3 * #4 = $252,720
Manufacturing Overhead Applied
Allocation Balance
Difference between the Manufacturing Overhead Cost Applied (MOCA) and
the Actual Manufacturing Overhead Cost (AMOC)
Overallocation
Manufacturing Overhead APPLIED > ACTUAL Manufacturing Overhead
Underallocation
Manufacturing Overhead APPLIED < ACTUAL Manufacturing Overhead
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