This topic contains a solution. Click here to go to the answer

Author Question: Supply chain management (SCM) software helps plan and execute steps such as demand planning, ... (Read 118 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
Supply chain management (SCM) software helps plan and execute steps such as demand planning, acquiring inventory, manufacturing, distributing, and selling the product.
  Indicate whether the statement is true or false

Question 2

New Age Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of 20 per direct-labor hour. The following data are obtained from the accounting records for August 2014:
 
  Direct materials 350,000
   Direct labor (7,000 hours  15/hour) 105,000
   Indirect labor  25,000
   Plant lease  75,000
   Depreciation on plant and equipment  50,000
   Marketing expense  20,000
   Plant utilities  20,000
 
  Required:
  a. What actual amount of manufacturing overhead cost was incurred during August 2014?
  b. What amount of manufacturing overhead was allocated to all jobs during August 2014?
  c. For August 2014, was manufacturing overhead underallocated or overallocated? Explain.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meow1234

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

T

Answer to Question 2

Answer:
a. 25,000 + 75,000 + 50,000 + 20,000 = 170,000
b. 7,000  20 per dlh = 140,000
c. Underallocated: Allocated 140,000 which is 30,000 less than actual of 170,000




BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jul 5, 2018
Excellent


adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

For a complete list of videos, visit our video library