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#8 Calculate and Use Overhead Rate Selected data for the...

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Accounting

#8
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Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow. Estimated consulting overhead cost for the year $360,000 Estimated direct labor cost for the year (@ $9/hr.) 180,000 Actual manufacturing overhead cost for January 19,500 Actual direct labor cost for January (1,200 hours) 11,000 Assuming that direct labor hours is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. $ 0 per direct labor hour b. Prepare a journal entry that applies consulting overhead for January General Journal Description Debit Credit 0 0 . 0 0 C. By what amount is consulting overhead over- or under applied in January? $ 0 Check Question 8 Not complete Marked out of 10.00 P Flag question Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting $360,000 180,000 19,500 Consulting overhead 11,000 Cost of goods sold . for applying consult e. $ 0 Finished goods inventory Iting overhead for Jan Work in process inventory DEDIC Credit 0 per direct Destion 0 0 C. By what amount is consulting overhead over- or under applied i $ 0 Check

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