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factory overhead read, underapplied, direct labor cost,

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Case 1
a. Budgeted factory overhead: $600,000
b. Cost-allocation base, budgeted direct-labor cost: 400,000
c. Budgeted factory-overhead rate: ?
d. Direct labor cost incurred: 570,000
e. Factory overhead incurred: 830,000
f. Factory overhead applied: ?
g. Underapplied (overapplied) factory overhead: ?

Case 2
a. Budgeted factory overhead: $420,000
b. Cost-allocation base, budgeted direct-labor cost: ?
c. Budgeted factory-overhead rate: 120%
d. Direct labor cost incurred: ?
e. Factory overhead incurred: 425,000
f. Factory overhead applied: ?
g. Underapplied (overapplied) factory overhead: 35,000

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Solution Summary

The solution finds Budgeted factory-overhead rate,Factory overhead applied, Underapplied (overapplied) factory overhead, Cost-allocation base, budgeted direct-labor cost, Direct labor cost incurred in two differrent case study.

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Case 1

c) Budgeted factory-overhead rate = 600000/400000 = $1.50
f) Factory overhead ...

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