(Answered) Question - a budgeted indirect-cost rate of 22 per

Accounting

Question - A budgeted indirect-cost rate of $22 per direct-labor hour. The following data are obtained from the accounting records for August 2013:

Direct materials $350,000

Direct labor (8,000 hours @ $15/hour) $120,000

Indirect labor $ 20,000

Plant lease $ 85,000

Depreciation on plant and equipment $ 40,000

Marketing expense $ 20,000

Plant utilities $ 10,000

Required:

a. What actual amount of manufacturing overhead cost was incurred during August 2013?

b. What amount of manufacturing overhead was allocated to all jobs during August 2013?

c. For August 2013, was manufacturing overhead underallocated or overallocated? Explain.

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