Reference no: EM132472680
Question 1 - Gable Manufacturing has identified the following operating activities for its company, estimated overhead costs associated with each activity, appropriate cost driver for each activity, and the estimated usage of the cost driver for the coming period. Using this information, determine the appropriate overhead rates.
Activity Cost Cost Driver Estimated Usage
Maintaining factory $400,000 Square feet 50,000
Designing product $96,000 Design hours 480
Handling materials $3,000 Number of moves 30
Electricity cost $6,400 Machine hours used 10,000
Question 2 - The following information was provided by the Redmond Co. for the month of February 2007.
Beginning Balance Ending Balance
Direct materials inventory $40,000 $30,000
Work-in-process inventory 50,000 60,000
Finished goods inventory 70,000 55,000
Additional information:
Direct materials purchased $225,000
Direct labor costs incurred $75,000
Machine hours worked 16,000
Actual unit-related manufacturing overhead $170,000
Applied unit-related manufacturing overhead $11.00 per machine hour
Required: Calculate the following amounts.
A. Direct materials used in production.
B. Applied manufacturing overhead
C. Cost of goods manufactured
D. Over- or underapplied manufacturing overhead.
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