Homework Answers
Overhead absorption rate
= Budgeted Overhead / Budgeted basis of recovery
= Budgeted Overhead / Budgeted Machine hours
= $1,272,000 / 21,200
= $60 per machine hours
Number of machine hours in April = 5,950
So, Overhead applied in the month of April
= Overhead absorption rate x Machine hours in April
= $60 x 5,950
= $357,000
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Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
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Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Calculator Cavy Company estimates that the factory overhead for the following year will be $986,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 41,100 hours. The machine hours for the month of April for all of the jobs were 4,400. Journalize the entry to record the factory overhead applied in April 18 an amount box does not require an entry, leave it blank. Cost of Goods Sold Factory...
Cavy Company estimates that the factory overhead for the following year will be $1,069,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 19,100 hours. The machine hours for the month of April for all of the jobs were 2,680. If the actual factory overhead for April totaled $153,682, determine the over- or underapplied amount for the month. Enter the amount as a positive number.
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 20,900 hours. The machine hours for the month of April for all of the jobs were 5,620. If the actual factory overhead for April totaled $313,613, determine the over- or underapplied amount for the month. Enter the amount as a positive number
takeAssignment , take ssignment a n dorin Oker= assignments takeassignmen session ocator-assignment take inprogresssfalse The Cavy Company estimates that the factory overhead for the following year will be $1,132,400. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 14,900 hours. There are 4,920 machine hours for all of the jobs in the month of April. What is the amount that will be applied to all of the jobs for...
The Cavy Company estimates that the factory overhead for the following year will be $1,548,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,700 hours Calculate the predetermined overhead rate apply factory overhead. Round your answer to the nearest cent. per machine hour
Winston Company estimates that the factory overhead for the following year will be $708,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 35,400 hours. The total machine hours for the year were 54,900 hours. The actual factory overhead for the year was $1,113,000. Enter the amount as a positive number, a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year....
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