Exercise 11-7A Treatment of overapplied or underapplied overhead LO 11-2 Baird C

Question

Exercise 11-7A Treatment of overapplied or underapplied overhead LO 11-2 Baird Company and Benson Company assign manufacturing overhead to Work in Process Inventory using direct labor cost The following information is available for the companies for the year: Baird ctual direct labor eoat Estimated direct labor cost Actual manafacturing overhead cost Estinated nanufacturing overhead cost 61,200 8 Conpany Company 148,000 $173,000 153,000 108,000 91,600 86.400 54,600 Required a. Compute the predetermined overhead rate for each company b. Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company c. Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. Complete this question by entering your answers in the tabs below. Required A Required B Rboured C Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Prev 1 of 0 Next > 8 MacBook Air 888,a 2 4

Explanation / Answer

Reqa: BAIRD BENSON Estimated Manufacturing Overheads 61200 86400 Estimated Direct labour cost 153000 108000 Pre-determined OH rate 40% 80% (Estimated OH/ Estimated Mfg OH *100) Req b: BAIRD BENSON Estimated Manufacturing Overheads 61200 86400 Estimated Direct labour cost 153000 108000 Pre-determined OH rate 40% 80% Actual labour cost 148000 173000 Overheads applied 59200 138400 Req c: BAIRD BENSON Estimated Manufacturing Overheads 61200 86400 Estimated Direct labour cost 153000 108000 Pre-determined OH rate 40% 80% Actual labour cost 148000 173000 Overheads applied 59200 138400 Actual Overheeads incurred 54600 91600 Over-applied Overheads 4600 46800

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