Reference no: EM131381741
Assignment: Berrien Corporation manufactures different models of compost bins for year-round outdoor home use. They use a patented process in which they create their own raw materials for the bins from composted material. The company allocates manufacturing overhead based on the machine hours each model uses and last year the company's budgeted and actual costs incurred for 2017 were as follows:
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Budget
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Actual
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Direct labor hours
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7,600
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6,340
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Machine hours
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6,700
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6,760
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Maintenance on salespersons' autos
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$25,500
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$26,400
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Indirect materials
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$50,000
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$54,210
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Maintenance on trucks used for delivering products to customers
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$13,000
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$11,500
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Maintenance on plant equipment
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$65,500
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$67,000
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Indirect manufacturing labor
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$343,280
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$413,530
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Customer service hotline
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$18,650
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$21,790
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Plant utilities
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$28,090
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$28,050
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Direct labor cost
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$67,980
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$61,110
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Answer the following questions. Each question is worth 1 point.
1. What is the predetermined manufacturing overhead rate based on the driver Berrien chooses to use. Carry the rate to four decimal places.
2. How much overhead was allocated to job cost sheets in 2017?.
3. By how much is overhead under- or over-allocated? Enter as a positive number if it is over-allocated, negative if under-allocated.
4. If Cost of Goods Sold was $347,000, then what is the adjusted Cost of Good Sold (taking into account the under- or over-allocated overhead)?
5. If Berrien chose to use direct labor hours as a driver for allocating overhead, rather than, machine hours, would there be over- or under-allocated overhead? Carry the rate to four decimal places. Enter as a positive number if it is over-allocated, negative if under-allocated.s17
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