Homework Answers
| 1 | |
| Estimated manufacturing overhead | 252000 |
| Divide by Estimated direct labor hours | 20000 |
| Predetermined Overhead Rate | 12.60 |
| 2 | |
| Actual direct labor hours | 22200 |
| X Predetermined Overhead Rate | 12.60 |
| Applied Manufacturing Overhead | 279720 |
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M2-9 (Algo) Calculating Predetermined Overhead Rate (LO 2-3) Hamilton Company applies manufacturing overhead costs to products...
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...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over or Underapplied Overhead Costs [LO...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over or Underapplied Overhead Costs [LO 2-3,2-4,2-5,2-6) Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $182.360. Estimated direct labor cost was $459780 for 19,400 hours Actual costs for the most recent month are summarized here: Total Cost 545,979 2.4 3.320 Ites Description Direct...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $341,800 57,000 134,500 207,819 39,400 33,250 20,000 50,500 19,700 $983,969 Required: 1. Calculate...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5,...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizax Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated es manufacturing overhead costat 1420 Estimated direct labore was $461.270 for 19.300 hours Actual costs for the most recent month are summarized here Total Cost Direct Labor (1,90 hours) Indirect ateriat Factory rent...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Pactory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative related depreciation Total expected costs $352,800 61,000 143,000 216,635 44,400 30,750 27,500 52,500 24,200 $952,785 es Required:...
COMPE2-5 1 whelp Save E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3) Wheeler's...
COMPE2-5 1 whelp Save E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: $340, Bee 53. see Skipped 199,123 Elke parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 25, see eBook...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underapplied Overhead Costs [LO 2-3,2-4,2-5,...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underapplied Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizon Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181,450. Estimated direct labor cost was $477,500 for 19,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,910 hours)...
d Assignment E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company...
d Assignment E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow. $340, 62, 14e 50 234 549 Bike parte Factory machinery depreciation Factory Supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Adsinstrative salaries Administrative-related depreciation Total expected costs 343,699 Required: 1. Calculate the...
(Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rate 2....
(Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rate 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? Data Table Manufacturing overhead costs ........$ 630,000 Direct labor cost . $ 1,650,000 Machine hours. 90,000 At the...
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...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over or Underapplied Overhead Costs [LO 2-3,2-4,2-5,2-6) Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $182.360. Estimated direct labor cost was $459780 for 19,400 hours Actual costs for the most recent month are summarized here: Total Cost 545,979 2.4 3.320 Ites Description Direct...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $341,800 57,000 134,500 207,819 39,400 33,250 20,000 50,500 19,700 $983,969 Required: 1. Calculate...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizax Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated es manufacturing overhead costat 1420 Estimated direct labore was $461.270 for 19.300 hours Actual costs for the most recent month are summarized here Total Cost Direct Labor (1,90 hours) Indirect ateriat Factory rent...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Pactory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative related depreciation Total expected costs $352,800 61,000 143,000 216,635 44,400 30,750 27,500 52,500 24,200 $952,785 es Required:...
COMPE2-5 1 whelp Save E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: $340, Bee 53. see Skipped 199,123 Elke parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 25, see eBook...
E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underapplied Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizon Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181,450. Estimated direct labor cost was $477,500 for 19,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,910 hours)...
d Assignment E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow. $340, 62, 14e 50 234 549 Bike parte Factory machinery depreciation Factory Supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Adsinstrative salaries Administrative-related depreciation Total expected costs 343,699 Required: 1. Calculate the...
(Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rate 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? Data Table Manufacturing overhead costs ........$ 630,000 Direct labor cost . $ 1,650,000 Machine hours. 90,000 At the...
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