At the end of the year, the records of WoodGrain Technology revealed the followi

Question

At the end of the year, the records of WoodGrain Technology revealed the following actual cost and operating data for all jobs worked on during the year:

What was the amount of underapplied or overapplied overhead in each department at the end of the year?

Preparation deparrtment ______________________

Fabrication department _______________________

Total Overhead Cost: $3,338

Predetermined Overhead rate for each department:

Preparation department $5.40 per MH

Fabrication department $13.60 per DLH

What was the amount of underapplied or overapplied overhead in each department at the end of the year?

Preparation deparrtment ______________________

Fabrication department _______________________

What was the amount of underapplied or overapplied overhead in each department at the end of the year?

Preparation deparrtment ______________________

Fabrication department _______________________

Department Preparation Fabrication Machine-hours 88,700 24,800 Direct labor-hours 34,000 58,000 Direct materials cost $ 160,100 $ 425,000 Manufacturing overhead cost $ 490,380 $ 752,200

Total Overhead Cost: $3,338

Predetermined Overhead rate for each department:

Preparation department $5.40 per MH

Fabrication department $13.60 per DLH

Explanation / Answer

Calculation of Underapplid or overapplied overhead :-

Particulars Preparation Fabrication Actual Manufacturing Overhead $490380 752200 Less : Applied Overhead $478980 788800 (88700 * $5.40) (58000 * $13.60) Under / (Over) Applied Overhead 11400 (36600)

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