Homework Answers
1.
Predetermined overhead rate = Estimated overhead/Estimated direct labor cost
= 375,000/250,000
= 150%
2.
| Direct Labor | 275,000 |
| Overhead Rate x | 150% |
| Applied OH = | 412,500 |
| Actual OH - | 435,000 |
| Difference = | 22,500 |
| Under- applied overhead |
3.
| General Journal | Debit | Credit |
| Cost of goods sold | $22,500 | |
| Overhead | $22,500 |
Kindly comment if you need further assistance. Thanks‼!
Add Answer to:
Dearborn Corp. allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $355,200; materials of 412,000 and direct labor of $222,000. During the year Adams incurred $420,000 in materials costs, $413,400 in overhead costs and $226,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice 0 $355,200. 0 $413,400. 0 $361,600. 0 $413,390. 0 $424,650.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year. Adams estimated total overhead of $358.700; materials of 401,000 and direct labor of $211.000. During the year Adams Incurred $409,000 in materials costs, $412,300 in overhead costs and $215,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice o 3423,550. o $412300. o 342 290. o 3365,500. o $353,700.
Smith Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Smith Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Smith estimated total overhead of $299,600; materials of $404,000 and direct labor of $214,000. During the year Smith incurred $412,000 in materials costs, $414,700 in overhead costs and $218,000 in direct labor costs. Compute the predetermined overhead rate.
ABC Corp. allocates overhead to production on the basis of direct labor costs. If Deltan's total...
ABC Corp. allocates overhead to production on the basis of direct labor costs. If Deltan's total estimated overhead is $450,000 and estimated direct labor cost is $180,000, determine the amount of overhead to be allocated to finished goods inventory. There is $20,000 of total direct labor cost in the jobs in the finished goods inventory. $20,000 $90,000 $70,000 $50,000
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $433,200; materials of $418,000 and direct labor of $228,000. During the year Adams incurred $457,200 in materials costs, $451,600 in overhead costs and $232,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year. Multiple Choice $10,800 overapplied. $18,400 overapplied. $10,800 underapplied. $18,400 underapplied. $5,600 underapplied.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $404,700; materials of $403,000 and direct labor of $213,000. During the year Adams incurred $428,100 in materials costs, $424,000 in overhead costs and $217,000 in direct labor costs. Compute the amount of under-or overapplied overhead for the year. Multiple Choice 0 $11,700 overapplied. 0 $19,300 overapplied. 0 $11,700 underapplied. 0 $19,300 underapplied. 0 $4,100 underapplied.
Orange Hat Company allocates overhead to production based on the basis of direct labor costs. Orange...
Orange Hat Company allocates overhead to production based on the basis of direct labor costs. Orange Hat's total estimated overhead is $300,000 and estimated direct labor is $120,000. What is the amount of overhead applied to a job which used $32,000 of direct labor? Multiple Choice $12,800. $32,000. $80,000. $112,000. $144,000,
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied...
16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of...
16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: Actual manufacturing overhead Allocated manufacturing overhead $700,000 $325.000 What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 172,234 hours B) 240,084 hours 282,857 hours D) 146,087 hours...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and • $3,400 of direct labor In April, the job required an...
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $355,200; materials of 412,000 and direct labor of $222,000. During the year Adams incurred $420,000 in materials costs, $413,400 in overhead costs and $226,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice 0 $355,200. 0 $413,400. 0 $361,600. 0 $413,390. 0 $424,650.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year. Adams estimated total overhead of $358.700; materials of 401,000 and direct labor of $211.000. During the year Adams Incurred $409,000 in materials costs, $412,300 in overhead costs and $215,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year. Multiple Choice o 3423,550. o $412300. o 342 290. o 3365,500. o $353,700.
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $404,700; materials of $403,000 and direct labor of $213,000. During the year Adams incurred $428,100 in materials costs, $424,000 in overhead costs and $217,000 in direct labor costs. Compute the amount of under-or overapplied overhead for the year. Multiple Choice 0 $11,700 overapplied. 0 $19,300 overapplied. 0 $11,700 underapplied. 0 $19,300 underapplied. 0 $4,100 underapplied.
Orange Hat Company allocates overhead to production based on the basis of direct labor costs. Orange Hat's total estimated overhead is $300,000 and estimated direct labor is $120,000. What is the amount of overhead applied to a job which used $32,000 of direct labor? Multiple Choice $12,800. $32,000. $80,000. $112,000. $144,000,
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied...
16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: Actual manufacturing overhead Allocated manufacturing overhead $700,000 $325.000 What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 172,234 hours B) 240,084 hours 282,857 hours D) 146,087 hours...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and • $3,400 of direct labor In April, the job required an...
Most questions answered within 3 hours.
-
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 3 minutes ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 10 minutes ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 10 minutes ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 12 minutes ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 12 minutes ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 13 minutes ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 29 minutes ago -
How much money should be invested today in order to have $8340
at the end of...
asked 33 minutes ago -
You are conducting research for a hospital and issue a survey to
patients.
Based on the...
asked 33 minutes ago -
What might be a negative mutation that would hinder the
bug population?
asked 43 minutes ago -
A company just paid a dividend of $1.50 per share. The consensus
forecast of financial analysts...
asked 39 minutes ago -
A mass of 0.50 g of an unknown acid HA required 20.0 mL of 0.25
M...
asked 48 minutes ago