Homework Answers
Solution:
The formula for calculating the predetermined factory overhead rate is
= Estimated factory overhead costs / Estimated activity base
The estimated activity base is usually the expected number of Machine hours, direct labor hours etc., that are predetermined, based on a budget or experience gained over a number of years.
Thus Dividing the Estimated total factory overhead costs by estimated activity base will give the predetermined factory overhead rate.
Thus the solution is Option b. Predetermined factory overhead rate.
The other options are incorrect as due to the reasons as given below :
a.under absorbed factory overhead rate
The formula for calculating the under absorbed factory overhead rate is
= actual factory overhead rate - predetermined factory overhead rate
Hence, this Option is incorrect.
c.overabsorbed factory overhead rate
The formula for calculating the overabsorbed factory overhead rate is
= predetermined factory overhead rate - actual factory overhead rate
Hence, this Option is incorrect.
d.actual factory overhead rate
The formula for calculating the actual factory overhead rate is
= Actual factory overhead costs / Actual activity base
The actual activity base is usually the actual number of Machine hours, direct labor hours etc., deployed.
Hence, this Option is incorrect.
Add Answer to:
10_78_002. Dividing estimated total factory overhead costs by estimated activity base will give the a. underabsorbed...
10. Which of the following represents the factory overhead applied to a product? A) Predetermined factory...
10. Which of the following represents the factory overhead applied to a product? A) Predetermined factory overhead rate times estimated activity base. B) Actual factory overhead rate times estimated activity base. C) Predetermined factory overhead rate times actual activity base. D) Actual factory overhead rate times actual activity base.
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $243,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $243,000 for the year. Direct labor hours are estimated to be 27,000. A. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ ------per direct labor hour B. During August, Darling Company accumulated 730 hours of direct labor costs on Job 40 and 510 hours on Job 42. Determine the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $378,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $378,000 for the year. Direct labor hours are estimated to be 27,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During August, Darling Company accumulated 500 hours of direct labor costs on Job 40 and 520 hours on Job 42. Determine the...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $68,000 for the...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $68,000 for the year. Direct labor hours are estimated to be 17,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour $ b. During May, Jernigan Company accumulated 720 hours of direct labor costs on Job 200 and 620 hours on Job 305. Determine the...
Calculator Print Item Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be...
Calculator Print Item Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $204,000 for the year. Direct labor hours are estimated to be 12,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. $ per direct labor hour b. During May, Jernigan Company accumulated 580 hours of direct labor costs on Job 200 and 700 hours on Job 305. Determine the amount of factory overhead applied to...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $288,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $288,000 for the year. Direct labor hours are estimated to be 18,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During May, Darling Company accumulated 790 hours of direct labor costs on Job 200 and 760 hours on Job 305. Determine the amount...
Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the...
Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000 a. For Bergan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305, Determine the amount...
Salinger Company estimates that total factory overhead costs will be $115,000 for the year. Direct labor...
Salinger Company estimates that total factory overhead costs will be $115,000 for the year. Direct labor hours are estimated to be 23,000. a. For Salinger Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During April, Salinger Company accumulated 650 hours of direct labor costs on Job 50 and 500 hours on Job 51. Determine the amount of factory...
Almerinda Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor...
Almerinda Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor hours are estimated to be 531,000. Required: A. For Almerinda Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. B. During April, Almerinda Company accumulated 18,400 hours of direct labor costs on Job 50 and 23,200 hours on Job 51. Determine the amount of factory overhead applied to Jobs 50 and 51 in April. C. Prepare the journal...
Keenan Company estimates that total factory overhead costs will be $120,000 for the year. Direct labor...
Keenan Company estimates that total factory overhead costs will be $120,000 for the year. Direct labor hours are estimated to be 30,000. a. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During August, Keenan Company accumulated 860 hours of direct labor costs on Job 40 and 560 hours on Job 42. Determine the amount of factory overhead...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $378,000 for the year. Direct labor hours are estimated to be 27,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During August, Darling Company accumulated 500 hours of direct labor costs on Job 40 and 520 hours on Job 42. Determine the...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $68,000 for the year. Direct labor hours are estimated to be 17,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour $ b. During May, Jernigan Company accumulated 720 hours of direct labor costs on Job 200 and 620 hours on Job 305. Determine the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $288,000 for the year. Direct labor hours are estimated to be 18,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During May, Darling Company accumulated 790 hours of direct labor costs on Job 200 and 760 hours on Job 305. Determine the amount...
Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000 a. For Bergan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305, Determine the amount...
Keenan Company estimates that total factory overhead costs will be $120,000 for the year. Direct labor hours are estimated to be 30,000. a. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During August, Keenan Company accumulated 860 hours of direct labor costs on Job 40 and 560 hours on Job 42. Determine the amount of factory overhead...
Most questions answered within 3 hours.
-
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 1 minute ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 15 minutes ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 21 minutes ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 40 minutes ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 43 minutes ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 1 hour ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 1 hour ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 2 hours ago -
DO NOT ANSWER IF YOU ARE UNSKILLED IN THIS AREA! TYPE OR WRITE
EACH ANSWER CLEARLY!!...
asked 1 hour ago -
how many moles of sodium are there in 3.41 moles of the
following compounds
NaCl
Na2SO4...
asked 1 hour ago -
1.1: Draw a position vs. time graph for a sprinter
running a 100 m dash. Label...
asked 1 hour ago -
A uniform electric field exists in a region between two
oppositely charged plates. An electron is...
asked 2 hours ago