Question

the following information is available for Astrins Ltd. for the month month of year ended august31,...

the following information is available for Astrins Ltd. for the month month of year ended august31, 2019 hours per hours total budget 22500hours $24 $540000 Actual 2300hours 25/hours $575000 budget diract labour   budget actual

   hours 22500 hours 23000 hours

  per hours $24 / hours $2500/hours

total $540000 $575000

expenses

    budget actual

factory overhead expense $ 281250 $ 295300

selling and administrative espenses 420,750 378700

$702000 $674000

1) provide the specific cost driver used for appling overhead ?

2) calculate the predetermined Manufacturing Overhead rate for the period ?

a) opening balance

b) your calculation of the total APPLIED amount of manufacturing overhead

c) the ACTUAL amount of the manufacturing overhead expenses incurred in the period

d) subtotal &indicate whether the account in "over" or "under" applied for the period

c) Closing balance

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Homework Answers

Answer #1
ans 1 cost driver is direct labor hours
ans 2
predetermined overhead rate is
281250/22500 12.50
ans 3
opening balance 0
b
applied manufacturing overhead 287500
12.5x23000
c
actual amt of mfg overhead 295300
d
actual 295300
applied 287500
underapplied 7800
c
clsomg balance 7800
t account
manufacturing overhead
beg bal 0 applied 287500
actual 295300
end bal 7800
if any doubt please comment
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