The RideonWater Company (ROW) produces a line of non-motorised boats. ROW uses a normal costing...
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Accounting
The RideonWater Company (ROW) produces a line of non-motorised boats. ROW uses a normal costing system and allocates manufacturing overhead using direct manufacturing labour cost. The following data are for 2021
| Budgeted production volume (number of boats) | 110 |
| Budgeted manufacturing overhead costs | $121,000 |
| Budgeted direct manufacturing labour costs | $220,000 |
| Actual production volume (number of boats) | 95 |
| Actual manufacturing overhead costs | $121,950 |
| Actual direct manufacturing labour costs | $229,000 |
Calculate the amount of 'under' or 'over' allocation for manufacturing overhead cost in dollars.
If under-allocated, enter a negative number. If over-allocated, enter a positive number.
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