Essay
Calculate the unknowns for the following independent situations.
1. Selected data for Lion Corporation:
Allocated manufacturing overhead is based on 50% of direct labor cost.
a. Calculate the allocated manufacturing overhead cost.
b. Calculate the direct labor cost.
2. Selected data for Tiger Corporation:
Manufacturing overhead is allocated at $15 per machine hour.
a. Calculate the allocated manufacturing overhead cost.
b. Calculate the number of machine hours incurred.
Correct Answer:
Verified
Correct Answer:
Verified
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