Day 13

The difference between actual costing and normal costing is

• normal costing uses actual quantities of direct-costs

• actual costing uses actual quantities of direct-costs

• normal costing uses budgeted indirect-costs

• actual costing uses actual quantities of cost-allocation bases

For 2024, a company uses machine-hours as the only overhead cost-allocation base. The estimated MOH costs are $220,000 and estimated machine hours are 25,000. The actual manufacturing overhead costs are $360,000 and actual machine hours are 40,000. Determine the budgeted manufacturing overhead rate

• $14.40 per machine-hour

• $5.50 per machine-hour

• $9.00 per machine-hour

• $8.80 per machine-hour

Determine total manufacturing costs for job #23 based on the following information:

Direct manufacturing labor: $80,000

Indirect manufacturing labor: 12,000

Equipment depreciation: 1,000

Other indirect manufacturing costs: 1,500

Direct materials: 95,000

Indirect materials: 4,000

Manufacturing overhead overapplied: 2,000

• $195,500

• $193,500

• $20,500

• $175,000

Determine the under(over)allocation of MOH:

Direct manufacturing labor wages: $35,000

Direct material used: 70,000

Indirect manufacturing labor: 4,000

Factory utilities: 400

Factory insurance: 500

Manufacturing overhead applied: 11,000

Indirect materials: 6,000

Depreciation on factory equipment: 600

• $500 under-allocated

• $11,000 over-allocated

• $116,500

• $500 over-allocated