Solved by verified expert :4-39 Allocation and proration of overhead. Tamden, Inc., prints custom marketing materials. The businesswas started January 1, 2010. The company uses a normal-costing system. It has two direct cost pools,materials and labor and one indirect cost pool, overhead. Overhead is charged to printing jobs on the basisof direct labor cost. The following information is available for 2010.Budgeted direct labor costs $150,000Budgeted overhead costs $180,000Costs of actual material used $126,500Actual direct labor costs $148,750Actual overhead costs $176,000There were two jobs in process on December 31, 2010: Job 11 and Job 12. Costs added to each job as ofDecember 31 are as follows:Job 11Job 12Direct materials$3,620$6,830Direct labor$4,500$7,250Tamden, Inc., has no finished goods inventories because all printing jobs are transferred to cost of goodssold when completed1. Compute the overhead allocation rate.2. Calculate the balance in ending work in process and cost of goods sold before any adjustments forunder- or overallocated overhead.3. Calculate under- or overallocated overhead.4. Calculate the ending balances in work in process and cost of goods sold if the under- or overallocatedoverhead amount is as follows:a. Written off to cost of goods soldb. Prorated using the ending balance (before proration) in cost of goods sold and work-in-process controlaccounts5. Which of the methods in requirement 4 would you choose? Explain.
Expert answer:ACC 360 HOMEWORK # 2, COST ACCOUNTING
How it works
- Paste your instructins in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades