Tuesday, 13 October 2015

ACCT 346

ACCT 346 WEEK 3 QUIZ


ACCT 346 Week 3 Quiz,
Question1. 1. (TCO 2) Bubba’s Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year, overhead is estimated at $2,250,000, and direct labor hours are budgeted at 415,000 hours. Actual overhead was $2,200,000, and actual overhead hours worked were 422,000.

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(a) Calculate the predetermined overhead rate.
(b) Calculate the overhead applied.
(c) Determine the amount of overhead that is over- or underapplied. (Points : 6)

ACCT 346 WEEK 3 QUIZ

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