Entry Rules: Round your answer to two (2) decimal places. Examples: If your answer is $24,500.4718, enter 24500.47 If yo

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Entry Rules Round Your Answer To Two 2 Decimal Places Examples If Your Answer Is 24 500 4718 Enter 24500 47 If Yo 1 (45.35 KiB) Viewed 44 times

Entry Rules: Round your answer to two (2) decimal places. Examples: If your answer is $24,500.4718, enter 24500.47 If your answer is $24,500.4753, enter 24500.48 If your answer is $24,500.00, enter 24500.00 If your answer is $24,500, enter 24500.00 If your answer is $0.4718, enter 0.47 If your answer is ZERO, enter 0.00 Never enter $ or, when inputting numerical answers QUESTION: David Inc. manufactures bobblehead dolls of famous baseball players. These dolls are in high demand from fans. The company currently uses a plantwide overhead rate in order to allocate overhead to each job. They use direct labour hours as their cost driver. The following estimates are available for the upcoming year:

Direct Overhead Machine Labour Hours Hours 15,000 Costs Molding $ 240,000 40,000 Painting $280,000 24,000 35,000 $ 520,000 64,000 50,000 Total Management would like to explore the use of activity based costing. For molding, the company will use machine hours as the activity driver and for painting they will use direct labour hours as the activity driver. Actual data for the past month is as follows: Actual Direct Actual Actual Overhead Machine Labour Costs Hours Hours Molding $24,000 3,500 1,150 Painting $23,000 2,200 3,100 Total $47,000 5,700 4,250 Using the above information answer the following questions.

By how much is the painting overhead under- or over-applied? HINT: Enter your answer as a positive number and please follow the entry rules! If the company continued to use the plantwide rate, what is the total overhead allocated to production for the past month? HINT: remember to apply the entry rules. Is overhead under- or over-allocated for the month if they continued to use the plantwide overhead rate? Enter A for under-allocated Enter B for over-allocated Enter the letters without additional spaces or punctuation. 1 By how much is the overhead under- or over-applied if the company continued to use the plantwide rate? HINT: Enter your answer as a positive number and please follow the entry rules!