Chloe Corporation uses a job order cost system with manufacturing overhead applied products on the basis of direct labor ho
For the upcoming year, Chloe Corporation estimated total manufacturing overhead costat $ and total direct labor hours
During the year, actual manufacturing overhead incurred was $ and direct labor hours were used.
Required:
a Calculate the predetermined overhead rate.
b Calculate how much manufacturing overhead will be applied to production.
c Is overhead over or underapplied? By how much?
d What account should be adjusted for over or underapplied overhead? Should the balance be increased or decreased?
Complete this question by entering your answers in the tabs below.
Required A
Calculate the predetermined overhead rate.
Tot. Man Coast DMat D Lab Appp. MOH
Ovureal Rate
COGMan Beg. WIP Inv Tot. Man Ending
GOG Sold Beg fin. goods Inve cog Man End fin qoods Inv
Underfover APP Man.OH: UnderMOH ICOG OverMOH darrGOG
Aver Unit cost Tot. Man. CostsTot Units produed
Activ. Rate Total Act. Cost Total Act. Base
Target Lost: Market price target price
