A manufacturing company applies factory overhead based on di…

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $449,802 and direct labor hours would be 49,978. Actual factory overhead costs incurred were $432,976, and actual direct labor hours were 50,113. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?

The Skagit Company manufactures Hooks and Nooks. The followi…

The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:   Setups Inspections Assembly (DLH) Hooks – 4,000 units 1 4 1 Nooks – 8,000 units 2 1 3   Activity Pool Activity Base Budgeted Activity Cost Setups 20,000 $60,000 Inspections 24,000 $120,000 Assembly (DLH) 28,000 $420,000 What is the total factory overhead to be charged to each unit of Hooks?

Widgeon Co. manufactures three products: Bales, Tales, and W…

Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The variable costs for each product are $20, $50, and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 5 hours to process; Tales, 7 hours; and Wales 1 hour. What is the contribution margin per machine hour for Bales?