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Posted by: Homeworkhelp
Price Quoted by Student: $10
Posted On: 2018-02-22 02:02:30
 
Question
Con-Aggie Manufacturing Company is studying the results of applying factory
 
P4-10 Con-Aggie Manufacturing Company is studying the results of applying factory overhead to production. The following data have been used: estimated factory overhead: $60,000; estimated materials costs, $50,000; estimated direct labor costs $60,000; estimated direct labor hours 10,000; estimated machine hours 20,000; work in process at the beginning of the month, none.

 The actual factory overhead incurred for the month of November was $75,000, and the production statistics on November 30 are as follows:

Job Materials Cost Direct Labor Costs Direct Labor Hours Machine Hours Date Jobs Completed
101        5,000                6,000                1000                 3,000              10-Nov
102        7,000                12,000  2,000 3,200 14-Nov
103     8,000 13,500 2,500                4,000                20-Nov
104       9,000                15,600 2,600 3,400                Inprocess
105        10,000              29,000 4,500                6,500                26-Nov
106        11,000              2,400 400                   1,500                In process
Total      50,000              78,500 13,000 21,600


Required:
1. Compute the predetermined rate, based on the following: a. direct labor cost, b. direct labor hours, c. machine hours.                                                                                    

2. Using each of the methods, compute the estimated total cost of each job at the end of the month.                                                                               
3. Determine the under- or overapplied factory overhead, in total, at the end of the month under each of the methods.

4. Which method would you recommend, and why? 


TUTORIAL PREVIEW
1.
Predetermined rates:



a.
Direct labor cost rate

Estimated overhead

Estimated labor cost

100%
=
     60,000
 รท
     60,000



File name P4-10 Con-Aggie Manufacturing.xls       File type: xls  PRICE: $10

Solutions
TUTORIAL PREVIEW 1. Predetermined rate
Price $10
Attachment 1: P4-10 Con-Aggie Manufacturing.xls
Solution Posted By: Homeworkhelp    Posted on: 22-02-2018