3.3-50a EQuestion Help Bob Burgers allocates manufacturing overhead to jobs base

Question

3.3-50a EQuestion Help Bob Burgers allocates manufacturing overhead to jobs based on direct labor hours. The company has the following estimated costs for the upcoming year Direct materials used Direct labor costs Wages of factory janitors Sales supervisor salary Utilities for factory Rent on factory building Advertising expense $50,200 $70,900 $39,300 $51,700 $16,400 $13,600 $5,090 ny estimates that 1,500 direct labor hours wil be worked in manufacturing OA $164.79 B. $54.47 C. $46.20. X $84.06

Explanation / Answer

Question 3.3 -50a The predetermined overhead rate = (39300+16400+13600)/1500 labor Hours = 46.20 per labor hour Question 3.5 -17a Sales revenue 586000 Less:Cost of Goods sold Cost of goods sold before adjustment 336000 Less: overallocated manufacturing overheads -13500 322500 Actual Gross Profit 263500

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