CLAW Corporation is a manufacturer of industrial equipment, located in Toronto, Ontario. CLAW has a standard costing system based on direct labour hours (DLHs) as the measure of activity. Data from the company’s flexible budget for manufacturing overhead are given below:
The following data pertains to operations for the most recent period:
1.1 Compute the total predetermined overhead rate
1.2 Compute the overhead applied to products during the period
For The Win (FTW) Corporation uses a standard costing system in the creation of awards and trophies. The Manufacturing overhead costs are applied to products on the basis of machine time.
2.1 Supply the missing numbers and labels on the above table
2.2 6 minutes of machine time is standard per unit of production – How many units were actually produced in the situation above?
2.3 6 minutes of machine time is standard per unit of production – How many units of production were assumed when the predetermined application rate for fixed overhead was established?
- Attachment 1
- Attachment 2
- Attachment 3
- Attachment 4