4.19 Waheed Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rater per machine-hour. The following data are available for 2008:
Budgeted manufacturing overhead costs$4,000,000
Actual manufacturing overhead costs$3,860,000
1. Calculate the budgeted manufacturing overhead rate.
2. Calculate the manufacturing overhead allocated during 2008.
3. Calculate the amount of under- or overallocated manufacturing overhead.
This question was answered on: Sep 16, 2020
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