Davie Company used estimated direct labor hours of 180,000 and estimated manufacturing overhead co predetermined manufacturing overhead rate. Actual results showed: Actual manufacturing overhead $950,000 Allocated manufacturing overhead $962,500 What was the number of direct labor hours worked during 2012? O a. $186,000 O b. $180,000

Davie Company used estimated direct labor hours of 180,000 and estimated manufacturing overhead co predetermined manufacturing overhead rate. Actual results showed: Actual manufacturing overhead $950,000 Allocated manufacturing overhead $962,500 What was the number of direct labor hours worked during 2012? O a. $186,000 O b. $180,000

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Description: Davie Company used estimated direct labor hours of 180,000 and estimated manufacturing overhead costs of $990,000 in establishing its 2012predetermined manufacturing overhead rate. Actual results showed:Actual manufacturing overheadAllocated manufac

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 3EA: A company estimated 100,000 direct labor hours and $800,000 in overhead. The actual overhead was...

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The following information is obtained from the company’s records for 2014: Total manufacturing costs, P8,000,000 Cost of finished goods manufactured, P7,920,000 Manufacturing overhead applied, P3,600,000 Manufacturing overhead was applied to production at a rate of 200% of direct laborcosts The peso amount of work in process inventory on January 1, 2014 was P320,000.What is the total direct labor cost in 2014?a. P1,800,000b. P1,500,000c. P1,700,000d. P3,600,000