Amount of under or overallocation of manufacturing overhead

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Reference no: EM13155743

Consider the following selected cost data for the pittsburgh forgieng company 2008. Budgeted manufacturing overhead cost 47,500,000 budgeted machine-hours 25,000 actual manufacturing overhead cost 7,300,000 actual machine hours 245,000

1) Compute the budgeted manufacturing overhead rate.

2) Prepare the journal entries to record the allocation of manufacturing overhead.

3) Compute the amount of under- or overallocation of manufacturing overhead. Is the amount material? Prepare a journal entry to dispose of this amount.

Reference no: EM13155743

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