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DATA INPUT
Paramus Metal Works hours per hour
Budgeted direct-labor cost: 77,000 17$
Actual direct-labor cost: 79,000 18$
Budgeted manufacturing overhead: 993,300$
Actual manufacturing overhead:
Depreciation 225,000$
Property taxes 19,000
Indirect labor 79,000
Supervisory salaries 210,000
Utilities 58,000
Insurance 32,000
Rental of space 295,000
Indirect material (see data below) 79,000
Indirect material:
Beginning inventory, January 1 46,000
Purchases during the year 95,000
Ending inventory, December 31 62,000
SOLUTION
2. To compute actual manufacturing overhead:
Depreciation 225,000$
Indirect material:
Beginning inventory, January 1 46,000$
Add: Purchases 95,000
