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Author Question: FreeBake produces pie crusts and tart shells. The company allocates manufacturing overhead based on ... (Read 57 times)

Mr3Hunna

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on: Jan 4, 2020
FreeBake produces pie crusts and tart shells. The company allocates manufacturing overhead based on the machine hours each job uses. FreeBake reports the following cost data for the past year.

​BUDGETACTUAL
Direct labour hours14,000 hours12,800 hours
Machine hours13,500 hours12,600 hours
Depreciation on salespeople's autos$26,000$26,000
Direct materials98,000 104,000
Depreciation on delivery trucks26,00028,000
Depreciation on plant and equipment127,000134,000
Indirect manufacturing labour80,00086,000
Customer service hotline38,00042,000
Plant utilities36,00040,000
Direct labour cost140,000170,000

Required:
1. Compute the predetermined overhead rate.
2. Calculate the allocated Manufacturing Overhead for the past year.
3. Compute the under allocated or over allocated Manufacturing Overhead.
4. How will this under allocated or over allocated Manufacturing Overhead be disposed of?
Assume the amount is considered not material and most of the goods manufactured have been sold
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by Mr3Hunna on Jan 4, 2020

at

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Reply #1 on: Jan 4, 2020
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Mr3Hunna

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Reply 2 on: Jan 4, 2020
Wow, this really help

sultansheikh

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Reply 3 on: Yesterday
:D TYSM

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