Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost base. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information
Required
Compute the actual and budgeted manufacturing overhead rates for 2011.
During March, the job-cost record for Job 626 contained the following information:
Direct materials used ------------------------------$40,000
Direct manufacturing labor costs-----------------$30,000
Compute the cost of Job 626 using
At the end of 2011, compute the under- or over allocated manufacturing overhead under normal costing.