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Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per month, and the standard direct labor requirement to make this amount is 6,000 hours. All overhead is allocated based on direct labor hours. The following information is available: Budgeted Amounts Actual Results 300,000 7,500 Production in units Total labor hours 240,000 6,000 Total variable overhead $9,000 $ 11,200 Total fixed overhead $ 4,500 $ 4,800 Total overhead $ 13,500 $ 16,000 The journal entry to apply overhead to Work in Process Inventory for the month included:

Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per month, and the standard direct labor requirement to make this amount is 6,000 hours. All overhead is allocated based on direct labor hours. The following information is available: Budgeted Amounts Actual Results 300,000 7,500 Production in units Total labor hours 240,000 6,000 Total variable overhead $9,000 $ 11,200 Total fixed overhead $ 4,500 $ 4,800 Total overhead $ 13,500 $ 16,000 The journal entry to apply overhead to Work in Process Inventory for the month included:

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 15E: Calculating factory overhead The standard capacity of a factory is 8,000 units per month. Cost and...
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Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per month, and the standard direct labor requirement to make this amount is 6,000 hours. All overhead is allocated based on direct labor hours. The following information is available: Budgeted Amounts 240,000 Actual Results 300,000 Production in units Total labor hours 6,000 7,500 Total variable overhead $9,000 $ 11, 200 Total fixed overhead $4,500 $ 4,800 Total overhead $ 13,500 $ 16,000 The journal entry to apply overhead to Work in Process Inventory for the month included:
Transcribed Image Text:Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per month, and the standard direct labor requirement to make this amount is 6,000 hours. All overhead is allocated based on direct labor hours. The following information is available: Budgeted Amounts 240,000 Actual Results 300,000 Production in units Total labor hours 6,000 7,500 Total variable overhead $9,000 $ 11, 200 Total fixed overhead $4,500 $ 4,800 Total overhead $ 13,500 $ 16,000 The journal entry to apply overhead to Work in Process Inventory for the month included:
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