(Solution) 13-38. The Hatch Manufacturing Company Has The Following Budgeted Overhead Cost And Other Data For Its Machining Department For The Month Of... | Snapessays.com


(Solution) 13-38. The Hatch Manufacturing Company has the following budgeted overhead cost and other data for its machining department for the month of...


13-38. The Hatch Manufacturing Company has the following budgeted overhead cost and other data for its machining department for the month of December:

 

Budgeted Data:___________________________________________

 

Indirect labor and supplies $70,000

 

Factory rent $19,000

 

Supervision $84,000

 

Depreciation on equipment $139,000

 

Cost-allocation base for overhead application Machine hours

 

Budgeted overhead application rate $6 per machine hour

 

Other Data:______________________________________________

 

Actual machine hours during December 68,000

 

Actual overhead cost incurred during December $439,000

 

 

Compute the total budgeted machine hours, total applied overhead cost, and indicate how any difference between the actual overhead cost incurred and applied overhead would be treated on Hatch’s income statement for the month of December.

 


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This question was answered on: May 23, 2022

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