Homework Answers
Actual manufacturing overhead costs
| Indirect labor | $13,000 |
| Depreciation on plant | $49,000 |
| Machinery repair | $11,000 |
| Plant supplies | $5,000 |
| Plant utilities | $12,000 |
| Actual manufacturing overhead costs | $90,000 |
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Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. •...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $90,000 of manufacturing overhead costs. The predetermined overhead rate is $7.50 per machine hour. actually used 13,000 machine hours and incurred the following actual costs: E (Click the icon to view the costs.) How much manufacturing overhead would Tell allocate? i Data Table O A. $90,000 OB. $85,000 OC. $97,500 OD. $218,000 Indirect labor Depreciation on plant Machinery repair...
Bell Corporation manufactures computers. Assume that Bell: -allocates manufacturing overhead based on machine hours -estimated 11,000...
Bell Corporation manufactures computers. Assume that Bell: -allocates manufacturing overhead based on machine hours -estimated 11,000 machine hours and $88,000 of manufacturing overhead costs -actually used 15,000 machine hours and incurred the following actual costs: Indirect labor $12,000 Depreciation on plant 45,000 Machinery repair 11,000 Direct labor 73,000 Plant supplies 6,000 Plant utilites 6,000 Advertising 38,000 Sales Comissions 27,000 What is Bell's predetermined overhead alloation rate? a. $5.33/machine hour b. $5.87/machine hour c. $8.00/machine hour d. $7.27/machine hour
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Suit Up reports the following cost data for the past year: (Click the icon to view the cost data) Read the requirements empts Enter the formula for predetermined manufacturing overhead rate, the compute the rate Estimated yearly overhead costs / Estimated yearly machine hours . Predetermined overhead rate 6400 = per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
Leaves Corporation applies manufacturing overhead based on machine hours. Budgeted overhead was $820,000 with an estimated...
Leaves Corporation applies manufacturing overhead based on machine hours. Budgeted overhead was $820,000 with an estimated 40,000 machine hours. Actual costs included production costs related to direct materials of $225,000, direct labor of $315,000, and manufacturing overhead of $850,000. The manufacturing overhead total does not include sales commissions of $28,500. In addition, 20 jobs were sold during the year at a total cost of $3,200,000. Customers purchased these goods for $3,750,000. Actual machine hours worked totaled 41,600. Required: A. Determine...
Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past yea (Click the icon to view the cost data) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate - per machine hour Data Table Budget 7,400...
#5 Suit U produces uniforms. The company allocates manufacturing overhead based on the machine hours each...
#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses, Classic Uniforms reports the following cost data for the past year EEB (Click the icon to view the cost data.) Read the recuirements Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate Predetermined overhead rate Data Table Requirements Budget 7,000 hours 6,300 hours 6.700 hours 6600 hours Actual Direcl labor hours Machine...
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours....
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours. According to the static budget, Absolute expected to incur the following (Click the icon to view the static budget information) During August, Absolute actually used 500 machine hours to make 120 connectors and spent $5,000 in variable manufacturing costs and 58,000 in fored manufacturing overhead costs Calculate the variable overhead efficiency variance for Absolute More info O A. $7,000 F OB. 55,000 OC. 53,000...
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 10 machine hours....
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 10 machine hours. According to the static budget, Absolute expected to incur the following: 800 machine hours per month (80connectors x 10 machine hours per connector) $5,000 in variable manufacturing overhead costs $9,450 in fixed manufacturing overhead costs During August, Absolute actually used 750 machine hours to make 120 connectors and spent $ 5,100 in variable manufacturing costs and $ 8,000 in fixed manufacturing overhead costs. Calculate...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $90,000 of manufacturing overhead costs. The predetermined overhead rate is $7.50 per machine hour. actually used 13,000 machine hours and incurred the following actual costs: E (Click the icon to view the costs.) How much manufacturing overhead would Tell allocate? i Data Table O A. $90,000 OB. $85,000 OC. $97,500 OD. $218,000 Indirect labor Depreciation on plant Machinery repair...
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Suit Up reports the following cost data for the past year: (Click the icon to view the cost data) Read the requirements empts Enter the formula for predetermined manufacturing overhead rate, the compute the rate Estimated yearly overhead costs / Estimated yearly machine hours . Predetermined overhead rate 6400 = per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
Leaves Corporation applies manufacturing overhead based on machine hours. Budgeted overhead was $820,000 with an estimated 40,000 machine hours. Actual costs included production costs related to direct materials of $225,000, direct labor of $315,000, and manufacturing overhead of $850,000. The manufacturing overhead total does not include sales commissions of $28,500. In addition, 20 jobs were sold during the year at a total cost of $3,200,000. Customers purchased these goods for $3,750,000. Actual machine hours worked totaled 41,600. Required: A. Determine...
Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past yea (Click the icon to view the cost data) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate - per machine hour Data Table Budget 7,400...
#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses, Classic Uniforms reports the following cost data for the past year EEB (Click the icon to view the cost data.) Read the recuirements Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate Predetermined overhead rate Data Table Requirements Budget 7,000 hours 6,300 hours 6.700 hours 6600 hours Actual Direcl labor hours Machine...
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours. According to the static budget, Absolute expected to incur the following (Click the icon to view the static budget information) During August, Absolute actually used 500 machine hours to make 120 connectors and spent $5,000 in variable manufacturing costs and 58,000 in fored manufacturing overhead costs Calculate the variable overhead efficiency variance for Absolute More info O A. $7,000 F OB. 55,000 OC. 53,000...
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