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Author Question: Stokes Manufacturing uses a predetermined manufacturing overhead rate to allocate overheadto ... (Read 566 times)

joesmith1212

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on: Jan 4, 2020
Stokes Manufacturing uses a predetermined manufacturing overhead rate to allocate overhead
to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following:

Manufacturing overhead costs $280,000
Direct labour cost 850,000
Machine hours  40,000
At the end of the year, the company had actually incurred the following:

Direct labour cost $615,000
Depreciation on manufacturing plant and equipment 245,000
Property taxes on plant 9,250
Sales salaries 12,000
Delivery drivers wages 8,000
Plant janitors wages  5,500
Machine hours 28,500 hours

Required:
1. Compute Stokes' predetermined overhead rate.
2. How much manufacturing overhead was allocated to jobs during the year?
3. How much manufacturing overhead was incurred during the year?
4. Is manufacturing overhead over allocated or under allocated at the end of the year and by how much?
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by joesmith1212 on Jan 4, 2020

bblaney

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Reply #1 on: Jan 4, 2020
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StephanieK09

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Reply #2 on: Jan 30, 2020
Thank you!


Hoàng Hoàng

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Reply #3 on: Dec 10, 2020
Thank You


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