If a new bakery has the following monthly expenses Rent 500 Utilities 300 And la

Question

If a new bakery has the following monthly expenses Rent 500 Utilities 300 And labor at 10.50 per hour Supplies 1200/ month And 800 hours a month to produce and package all goods Fixed cost per unit is $3 and variable cost is $2. Selling price is $12 Break even is 17,600 If actual costs incurred are 18,500 for the month.
A) determine the amount of either over applied or under applied overhead for one month
B) prepare a cost of goods manufactured schedule

If a new bakery has the following monthly expenses Rent 500 Utilities 300 And labor at 10.50 per hour Supplies 1200/ month And 800 hours a month to produce and package all goods Fixed cost per unit is $3 and variable cost is $2. Selling price is $12 Break even is 17,600 If actual costs incurred are 18,500 for the month.
A) determine the amount of either over applied or under applied overhead for one month
B) prepare a cost of goods manufactured schedule

If a new bakery has the following monthly expenses Rent 500 Utilities 300 And labor at 10.50 per hour Supplies 1200/ month And 800 hours a month to produce and package all goods If a new bakery has the following monthly expenses Rent 500 Utilities 300 And labor at 10.50 per hour Supplies 1200/ month And 800 hours a month to produce and package all goods Fixed cost per unit is $3 and variable cost is $2. Selling price is $12 Fixed cost per unit is $3 and variable cost is $2. Selling price is $12 Break even is 17,600 If actual costs incurred are 18,500 for the month.
A) determine the amount of either over applied or under applied overhead for one month
B) prepare a cost of goods manufactured schedule

Explanation / Answer

(a)

Rent 500 Utilities 300 Labour 10.5*800 = 8400 Supplier 1200 Fixed cost (17600/12)*3 = 4400 Variable cost (17600/12)*2 = 2933 Total Manufacturing cost 17733 Under applied 18500-17733 = 767

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