Author Question: ERP systems have proved to be quite easy to install and in short periods of time. Indicate whether ... (Read 61 times)

rl

  • Hero Member
  • *****
  • Posts: 579
ERP systems have proved to be quite easy to install and in short periods of time.
  Indicate whether the statement is true or false

Question 2

The following information was gathered for Zeba Company for the year ended December 31, 2014
 
  Budgeted Actual
   Direct labor-hours 50,000 dlh 60,000 dlh
   Factory overhead 550,000 600,000
 
  Assume that direct labor-hours are the cost-allocation base.
 
  Required:
  a. Compute the budgeted factory overhead rate.
  b. Compute the factory overhead applied.
  c. Compute the amount of over/underapplied overhead.



kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

F

Answer to Question 2

Answer:
a. 550,000/50,000 hrs. = 11 per hour
b. 11  60,000 hrs. = 660,000
c. 600,000 - 660,000 = 60,000 overapplied



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library