Homework Answers
Total manufacturing overhead = Rent on factory building + Depreciation on factory equipment + Indirect labor + Production supervisor's salary = $15,000 + $8,000 + $12,000 + $15,000 = $50,000
Predetermined overhead rate = Total manufacturing overhead / Direct labor-hours
Predetermined overhead rate = $50,000 / 20,000 direct labor-hours
Predetermined overhead rate = $2.50 per direct labor-hour
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Johansen Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead...
16. Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
16. Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials $ 6,000 Direct labor $ 20,000 Rent on factory building $ 15,000 Sales salaries $ 25,000 Depreciation on factory equipment $ 8,000 Indirect labor $ 12,000 Production supervisor's salary $ 15,000 Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per...
8) 8) Johansen Corporation uses a predetennined overhead rate based on direct labor-hours to apply manufacturing...
8) 8) Johansen Corporation uses a predetennined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials Direct labor Rent on factory building Sales salaries Depreciation on factory equipment Indirect labor Production supervisor's salary $ $ $ $ $ $ $ 6,000 20,000 15,000 25,000 8,000 12,000 15,000 Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate...
Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to...
Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs at the beginning of the year: Direct materials $ 6,000 Direct labor $ 20,000 Rent on factory building $ 15,000 Sales salaries $ 25,000 Depreciation on factory equipment $ 8,000 Indirect materials $ 2,000 Production supervisor's salary $ 15,000 Advertising $ 49,000 Goodin estimates that 20,000 direct labor-hours will be worked during the upcoming year....
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
22) Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...
22) Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year: Direct materials $ 1,000 Direct labor $ 3,000 Sales commissions $ 4,000 Salary of production supervisor $ 2,000 Indirect materials $ 400 Advertising expense $ 800 Rent on factory equipment $ 1,000 Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per...
Techniques, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its...
Techniques, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs. The following information has been collected for the previous year: dir material 150K, dir labor 200K, indirect labor 50K sales commission 25K, depreciation on factory 75K utilites - factory 125K, rent on office bldg 25K guards at office building 25K depreciation on office bldg. 30K Techniques used 25,000 direct labor hours and 50,000 machine hours during the previous year....
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,440. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,360, and the actual manufacturing overhead was $360,040. The predetermined overhead rate for the year must have been closest to: Multiple Choice $15.48 per direct lobor hour $15.00 per direct labor hour $15.35 per...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 60,000 actual direct labor-hours and incurred $512,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 61,600 direct labor-hours during the year and incur $437,360 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
Foster Corporation applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Foster...
Foster Corporation applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Foster closes any differences between actual and applied overhead to Cost of Goods Sold. During the year, Foster incurred manufacturing overhead costs of $3,175. The predetermined overhead rate is $5.00 per direct labor hour, the direct labor rate is $15 per hour, the direct materials cost is $2,750, and the total product cost is $14,500. The journal entry to close out the difference between actual...
8) 8) Johansen Corporation uses a predetennined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials Direct labor Rent on factory building Sales salaries Depreciation on factory equipment Indirect labor Production supervisor's salary $ $ $ $ $ $ $ 6,000 20,000 15,000 25,000 8,000 12,000 15,000 Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,440. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,360, and the actual manufacturing overhead was $360,040. The predetermined overhead rate for the year must have been closest to: Multiple Choice $15.48 per direct lobor hour $15.00 per direct labor hour $15.35 per...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
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