Reference no: EM132657506

Custom uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Custom uniforms reports the following for the past year.

Question 1: Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate.

Question 2: Calculate the allocated manufacturing overhead for the past year. Compute the underllocated or overllocated manufacturing overhead.

Question 3: How will underllocated or overllocated manufacturing overhead be disposed of?

Question 4: How can managers use accounting information to help control manufacturing overhead costs?

direct labor hours 7,000 hours budget

annual 6,200 hours machine hours $6,700 hours budget

annual $6,400 hours

depreciation on sales people's outros $21,500 in budget actual 21,500

indirect materials 52,000 budget actual 53,500

depreciation on trucks used to deliver uniforms in customers $16,000 on budget and actual $14,500

playing an equipment 68,000 in budget 69,500 in actual

indirect manufacturing labor and budget 43,500 in actual 45,500

customer service hot time budget 18,000 actual $20,000

playing utilities $37,500 in budget 38,500 in actual

direct labor cost $69,000 in budget $85,000 in actual