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4.5-10a Question Help Manton Manufacturing applies manufacturing overhead costs to products at a budgeted indirect -...
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of...
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $95 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $44,000; 250 direct manufacturing labor - hours at $30 per hour, and a 50% markup rate on total manufacturing costs. The bid price for this special order is O A. $77.250 B. $101,625 c. $60,250 OD. $112,875
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect -...
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect - cost rate of $15 per direct labor - hour. The following data are obtained from the accounting records for June 2018: Direct materials Direct labor (4,600 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses $190,000 50,600 19,000 26,000 23,500 27,000 30,000 For June 2018, manufacturing overhead is O A. overallocated by $29,500 O B....
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect -...
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect - cost rate of $19 per direct labor-hour. The following data are obtained from the accounting records for June 2020: Direct materials Direct labor (4,000 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses $130,000 44,000 13,000 29,000 21,000 35,000 39,000 For June 2020, manufacturing overhead is OA, underallocated by $26,000 O B. overallocated by $26,000...
Filex Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate...
Filex Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $18 per direct labor-hour. The following data are obtained from the accounting records for June 2014: Direct materials $140,000 Direct labor (4,000 hours @ $10/hour) 40,000 Indirect labor 13,000 Plant facility rent 30,000 Depreciation on plant machinery and equipment 22,500 Sales commissions 24,000 Administrative expenses 28,000 For June 2014, manufacturing overhead is _____? Underallocated by $6,500 Underallocated...
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect−cost rate...
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect−cost rate of $ 18 per direct labor−hour.The following data are obtained from the accounting records for June 2018: Direct materials $190,000 Direct labor (4,100 hours @12/hour) 49,200 Indirect labor 14,000 Plant facility rent 25,000 Depreciation on plant machinery and equipment 23,500 Sales commissions 28,000 Administrative expenses 36,000 For June 2018, manufacturing overhead is ________. A.underallocated by $11,300 B.overallocated by $11,300 C.underallocated by $24,700 D.overallocated by...
Mcniff Corporation makes a range of products. The company's predetermined overhead rate is $15 per direct...
Mcniff Corporation makes a range of products. The company's predetermined overhead rate is $15 per direct labor hour, which was calculated using the following budgeted data: Variable manufacturing overhead Fixed manufacturing overhead Direct labor-hour $ 69,000 $276,000 23,000 Management is considering a special order for 570 units of product 096S at $51 each. The normal selling price of product 096S is $62 and the unit product cost is determined as follows: Direct materiale Direct labor Manufacturing overhead applied Unit product...
Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates...
Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $282,000 and direct labor hours to be 20,000. Actual overhead for the year was $340,000. Required: 1. Compute the predetermined overhead rate. 2. If the company actually used 25,200 direct labor hours, how much manufacturing overhead is applied to the company's jobs? Complete this question by entering your answers in the tabs below. Required i Required...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $482,910 and direct labor hours would be 48,291. Actual factory overhead costs incurred were $520,224, and actual direct labor hours were 54,190. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a. $58,990 underapplied b. $21,676 overapplied c. $541,900 overapplied d. $21,676 underapplied A manufacturing company applies factory...
M2-9 (Algo) Calculating Predetermined Overhead Rate (LO 2-3) Hamilton Company applies manufacturing overhead costs to products...
M2-9 (Algo) Calculating Predetermined Overhead Rate (LO 2-3) Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $252,000 and direct labor hours to be 20,000. Actual overhead for the year was $265,000. Required: 1. Compute the predetermined overhead rate. 2. If the company actually used 22,200 direct labor hours, how much manufacturing overhead is applied to the company's jobs? Complete this question by entering your...
Question 13 Marquis Company estimates that annual manufacturing overhead costs will be $904,700. Estimated annual operating...
Question 13 Marquis Company estimates that annual manufacturing overhead costs will be $904,700. Estimated annual operating activity bases are direct labor cost $415,000, direct labor hours 41,500, and machine hours 83,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour a A Overhead rate per machine hour
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $95 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $44,000; 250 direct manufacturing labor - hours at $30 per hour, and a 50% markup rate on total manufacturing costs. The bid price for this special order is O A. $77.250 B. $101,625 c. $60,250 OD. $112,875
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect - cost rate of $15 per direct labor - hour. The following data are obtained from the accounting records for June 2018: Direct materials Direct labor (4,600 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses $190,000 50,600 19,000 26,000 23,500 27,000 30,000 For June 2018, manufacturing overhead is O A. overallocated by $29,500 O B....
Franklin Inc. manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect - cost rate of $19 per direct labor-hour. The following data are obtained from the accounting records for June 2020: Direct materials Direct labor (4,000 hours @ $11/hour) Indirect labor Plant facility rent Depreciation on plant machinery and equipment Sales commissions Administrative expenses $130,000 44,000 13,000 29,000 21,000 35,000 39,000 For June 2020, manufacturing overhead is OA, underallocated by $26,000 O B. overallocated by $26,000...
Mcniff Corporation makes a range of products. The company's predetermined overhead rate is $15 per direct labor hour, which was calculated using the following budgeted data: Variable manufacturing overhead Fixed manufacturing overhead Direct labor-hour $ 69,000 $276,000 23,000 Management is considering a special order for 570 units of product 096S at $51 each. The normal selling price of product 096S is $62 and the unit product cost is determined as follows: Direct materiale Direct labor Manufacturing overhead applied Unit product...
Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $282,000 and direct labor hours to be 20,000. Actual overhead for the year was $340,000. Required: 1. Compute the predetermined overhead rate. 2. If the company actually used 25,200 direct labor hours, how much manufacturing overhead is applied to the company's jobs? Complete this question by entering your answers in the tabs below. Required i Required...
M2-9 (Algo) Calculating Predetermined Overhead Rate (LO 2-3) Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $252,000 and direct labor hours to be 20,000. Actual overhead for the year was $265,000. Required: 1. Compute the predetermined overhead rate. 2. If the company actually used 22,200 direct labor hours, how much manufacturing overhead is applied to the company's jobs? Complete this question by entering your...
Question 13 Marquis Company estimates that annual manufacturing overhead costs will be $904,700. Estimated annual operating activity bases are direct labor cost $415,000, direct labor hours 41,500, and machine hours 83,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour a A Overhead rate per machine hour
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