Question

E15.13 Pure Decorating uses a job order cost system to collect the costs of its interior decorating business. Each clients consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $920,000 $942,800 40,000 40,500 The company uses Operating Overhead in place of Manufacturing Overhead Instructions (a) Compute the predetermined overhead rate. (b) Prepare the entry to apply the overhcad for the year (c) Determine whether the overhead was under- or overapplied and by how much.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

o,000 $ 23 lred Oves hea 40,500 X 3 31500 Debit WiP alc i R3 5 00 2 ,800 Applied Dvaha」 931 500 4 2,goo315oo lI 300 unapplied

Add a comment
Know the answer?
Add Answer to:
E15.13 Pure Decorating uses a job order cost system to collect the costs of its interior...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • E13 Tombert Decorating uses a job order cost system to collect the costs of its interior...

    E13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $960,000 Actual overhead $982,800 Estimated decorator hours 40,000 Actual decorator hours 40,500 The company uses Operating Overhead in place of Manufacturing Overhead. Instructions (a) Compute the predetermined overhead rate....

  • Bramble Decorating uses a job order cost system to collect the costs of its interior decorating...

    Bramble Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $1,000,000 Actual overhead $994,800 Estimated decorator hours 40,000 Actual decorator hours 38,000 The company uses the account Operating Overhead in place of Manufacturing Overhead and the account Service Contracts in...

  • Tombert Decorating uses a job order cost system to collect the costs of its interior decorating...

    Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $1,000,000 Actual overhead $1,024,800 Estimated decorator hours 40,000 Actual decorator hours 39,800 The company uses the account Operating Overhead in place of Manufacturing Overhead and the account Service Contracts in...

  • Question 4 Easy Decorating uses a job-order costing system to collect the costs of its interior...

    Question 4 Easy Decorating uses a job-order costing system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. List below are data for the current year: Estimated overhead $840,000 Actual overhead $861,000 Estimated decorator hours 40,000 Actual decorator hours 41,500 Instructions (a) Compute the predetermined overhead rate: $______ per decorator hour. (b) Determine whether the overhead was...

  • Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...

    Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate fob. Overhead is a current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,058,800 40,000 41,500 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate per decorator hour or decorating business. Each client's consultation is treated as a separate Job...

  • Tombert Decorating uses a job order cost system to collect the costs of its interior decorating...

    Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $990,000 Actual overhead $1,073,800 Estimated decorator hours 40,000 Actual decorator hours 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Prepare the entry to apply the overhead for...

  • Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...

    Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,050,000 $1,039,800 40,000 39,500 The company uses Operating Overhead in place of Manufacturing Overhead and it uses Service Contracts in...

  • Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...

    Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $1,000,000 Actual overhead $1,014,800 Estimated decorator hours 40,000 Actual decorator hours 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined...

  • View Policies Current Attempt in Progress Tombert Decorating uses a job order cost system to collect...

    View Policies Current Attempt in Progress Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year, Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1.058,800 40,000 41.500 The company uses the account Operating Overhead in place of Manufacturing Overhead...

  • Please explain what is wrong here Tombert Decorating uses a job order cost system to collect...

    Please explain what is wrong here Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhea applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,073,800 40,000 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT