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Calculate the unknowns for the following independent situations.

Calculate the unknowns for the following independent situations.

1) Selected data for Liberty Company:

Actual manufacturing overhead costs

$30,500

Underallocated manufacturing overhead costs

$2,000

Allocated manufacturing overhead is based on 60% of direct labor cost.

A) Calculate the allocated manufacturing overhead cost.

B) Calculate the direct labor cost.

2) Selected data for Stars Corporation:

Actual manufacturing overhead costs

$27,500

Overallocated manufacturing overhead costs

$1,500

Manufacturing overhead is allocated at $20 per machine hour.

A) Calculate the allocated manufacturing overhead cost.

B) Calculate the number of machine hours incurred.

Dec 09 2019 View more View Less

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