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Actual and budgeted manufacturing overhead rates

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Reference no: EM132438276

1. Compute the actual and budgeted manufacturing overhead rates for 2017.

2. During? March, the? job-cost record for Job 626 contained the following? information:

Direct materials used $40,000, Direct manufacturing labor costs $35,000

Compute the cost of Job 626 using? (a) actual costing and? (b) normal costing.

3. At the end of 2017, compute the? under- or overallocated manufacturing overhead under normal costing. Why is there no? under- or overallocated overhead under actual? costing?

4. Why might managers at Destin Products prefer to use normal? costing?

Budget for 2017

Direct material costs $2,150,000

Direct manufacturing labor costs $1,550,000

Manufacturing overhead costs $2,945,000

Actual Results for 2017

Direct material costs $2,025,000

Direct manufacturing labor costs $1,490,000

Manufacturing overhead costs $3,129,000

Reference no: EM132438276

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