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What is the expected manufacturing overhead

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Question - Boone Manufacturing, Inc.Estimated manufacturing overhead for year 1 = P30,000 + (P5.00 x DLH)

Estimated direct labor hours for year 1 = 2,000 hours

Assume Boone Manufacturing had worked on two jobs, A-01 and A-02 last year. 1,200 hours of direct labor was spent on Job A-01, while 1,000 hours of direct labor was spent on Job A-02. The actual manufacturing overhead was P37,000.

Answer the following (show solution):

1. Boone Manufacturing, Inc. predetermined overhead rate for Boone Manufacturing is:

2. What is the expected manufacturing overhead for an actual level of activity equal to 2,200 direct labor hours?

3. What was the amount of overhead applied to Job A-01?

4. What is the total under (over) applied overhead?

5. What is the total spending variance?

6. What is the total production variance?

Reference no: EM132933712

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