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Determine the allocated factory overhead cost for the month

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1. Determine the Allocated Factory Overhead cost for the month of August for Ford using the following information. The allocation base is direct labor costs.

Estimated Direct Labor Used yearly: $125,000

Estimated Indirect Costs (factory overhead) yearly: $62,500

Direct Labor Used during August: $55,000

2. Wilson Sports manufactures leather footballs in their factory. Identify each of the following as a Direct Material, Direct Labor or Factory Overhead example for Wilson's football production:

Thread for footballs Direct Material
Employee putting completed footballs in a box ________
Factory foreman's salary ________
Leather for footballs ________
Factory utilities ________

3. Compute Cost of Goods Manufactured using the following information:

Direct Materials Used: $30,000

Factory (Manufacturing) Overhead: $4,000

Beginning Work in Process Inventory: $10,000

Ending Work in Process Inventory: $3,000

Direct Labor: $20,000

Finished Goods Inventory: $13,000

Reference no: EM131803394

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