Solution-Find what the budgeted manufacturing overhead rate

Find what the budgeted manufacturing overhead rate is

Reference no: EM132746583

Consider the following selected cost data for the Katharine Forging Company for 2006.

Budgeted manufacturing overhead 7,200,000 ?

Budgeted machine-hours 200,000.00

Actual manufacturing overhead 6,500,000 ?

Actual machine-hours 171,000.00

Katharine's job-costing system has a single manufacturing overhead cost pool. Costs are allocated to jobs using a budgeted machine-hour rate and actual machine-hours. Any amount of under- or over-allocation is written off to cost of goods sold.

Problem 1: The budgeted manufacturing overhead rate is

Problem 2: The actual manufacturing overhead rate is

Reference no: EM132746583

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Find what the budgeted manufacturing overhead rate is

Reference no: EM132746583

Reference no: EM132746583

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