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ineedhelpplz40
31.03.2020 •
Business
Tea Tree Manufacturing provided the following details for the year: Direct Materials Used $83,000; Direct Labor Incurred $191,000; Manufacturing Overhead Incurred $300,000; Manufacturing Overhead Allocated to production $$297,000; Costs of jobs completed and transferred $$500,000. Was Manufacturing Overhead overallocated or underallocated and by what amount?
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Ответ:
Therefore, Manufacturing Overhead is overallocated by $71,000.
Explanation:
This can be determined as follows:
Direct Materials Used + Direct Labor Incurred + Production Manufacturing Overhead = Costs of jobs completed and transferred
Substituting values for the equation above, we have:
$83,000 + $191,000 + Production Manufacturing Overhead = $500,000
Production Manufacturing Overhead = $500,000 - $83,000 + $191,000 = $226,000.00
Difference = $297,000 - $226,000 = $71,000 over allocation.
Therefore, Manufacturing Overhead is overallocated by $71,000.
Ответ:
That was never a law to be legal, they are breaking their own laws