Question

# 1.Showboat Corporation had actual manufacturing overhead costs for the most recent year of \$ 29,700.Manufacturing overhead...

1.Showboat Corporation had actual manufacturing overhead costs for the most recent year of \$ 29,700.Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of \$3.50 per direct labor hour. Direct labor cost is \$27 per hour. At the end of the​ year, Cabaret Corporation found it had overallocated manufacturing overhead by \$1,350. How much manufacturing overhead was allocated in total during the​ year?

2.Barefoot Running​ Company's work in process inventory on June 1 has a balance of \$23,300 representing Job No. 265. During​ June, \$50,700 of direct materials were requisitioned for Job No. 265 an 0\$35,300 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 115​% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to \$41,200. No new jobs were started during June. Job No. 265 is completed on June 28. What is the total cost assigned to Job No.​ 265?

3.

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the​ company's operations​ follows:

 Actual manufacturing overhead cost \$500,600 Estimated manufacturing overhead cost \$550,600 Estimated direct labor cost \$175,800 Estimated direct labor hours 50,600 Actual direct labor hours 60,700 Estimated machine hours 40,200 Actual machine hours 35,200

By how much was manufacturing overhead overallocated or underallocated for the​ year? (Round intermediary calculations to the nearest​ cent.)

• [1]
= \$ 29700 + \$ 1350
• [2]
Cost assigned to Job no 265 = \$ 23300 beginning balance + \$ 50700 direct material + \$ 35300 direct labor cost + \$ (35300 x 115%) manufacturing overhead
= 23300 + 50700 + 35300 + 40595
• [3]
>Overhead rate = \$ 550600 / 50600 DLHs = \$ 10.88 per DLH
>Actual no. of DLHs = 60700
>Overhead applied = 60700 x 10.88 = \$ 660,416
>Actual Overhead cost = \$ 500,600
>Overhead are OVERALLOCATED by \$ 159,816 [660416 – 500600]

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