Problem 3 plant-wide overhead rate is used based on direct labor hours as cost allocation base. manufacturing overhead is $520,000. The followings are some relevant information for Peter Company: Product A Product B $20 $18 2 hours 20.000 units 40,000 hours 50.000 hours $10 Direct material cost per unit (Actual) Direct labor cost per unit (Actual) Actual Direct labor hours to produce 1 unit Budgeted number of units produced Total Budgeted direct labor hours Total Actual direct labor hours $15 hours 12,000 units 60,000 hours 55,000 hours rquired: (Put your answers in the empty spaces provided after each question) mat are the advantage of using the Nomal costing approach to compute the total cost of the duct rather than to use Actual costing approach?
Problem 3 plant-wide overhead rate is used based on direct labor hours as cost allocation base. manufacturing overhead is $520,000. The followings are some relevant information for Peter Company: Product A Product B $20 $18 2 hours 20.000 units 40,000 hours 50.000 hours $10 Direct material cost per unit (Actual) Direct labor cost per unit (Actual) Actual Direct labor hours to produce 1 unit Budgeted number of units produced Total Budgeted direct labor hours Total Actual direct labor hours $15 hours 12,000 units 60,000 hours 55,000 hours rquired: (Put your answers in the empty spaces provided after each question) mat are the advantage of using the Nomal costing approach to compute the total cost of the duct rather than to use Actual costing approach?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.4.1C
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