Requirement -3 | |||
MANUFACTURING OVERHEAD ACCOUNT | |||
Indirecct Material | $53,000.00 | WIP | $1,58,400.00 |
Indirect Labour | $44,500.00 | COGS (under-allocation) | $10,900.00 |
Dep on plant | $67,000.00 | ||
Plant utilities | $4,800.00 | ||
Total | $1,69,300.00 | $1,69,300.00 |
General Entry | ||
Account Tittle | Debit | Credit |
Cost of Goods Sold | $10,900.00 | |
Under Applied Mnufacturing Overhead | $10,900.00 | |
Classic Uniforms produces uniforms. The company allocates manufacturing overmead based on the machine hours each job...
Classic Uniforms produces uniforms. The company allocates manufacturing overmead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year 囲(Click the icon to view the cost data.) Read the recuiremants. Requirements Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. 1. Compute the predetermined manufacturing overhead rate. 2. Caloulate the allocated manufacturing overhead for the past year 3. Compute the...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses, Classic Uniforms reports the following cost data for the past year EEB (Click the icon to view the cost data.) Read the recuirements Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate Predetermined overhead rate Data Table Requirements Budget 7,000 hours 6,300 hours 6.700 hours 6600 hours Actual Direcl labor hours Machine...
#5 Suit U produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Suit Up reports the following cost data for the past year: answers in blue boxes are wrong, please correct Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past yea (Click the icon to view the cost data) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate - per machine hour Data Table Budget 7,400...
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Suit Up reports the following cost data for the past year: (Click the icon to view the cost data) Read the requirements empts Enter the formula for predetermined manufacturing overhead rate, the compute the rate Estimated yearly overhead costs / Estimated yearly machine hours . Predetermined overhead rate 6400 = per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past...
다. 100 hours Premium Company produces uniforms. The company local manufacturing overhead based on the machine hours achjobs Premium Company reports the following cows for the past year Click the icon to view the cout data) Read the requirements Requirement 1. Compute the predetermined manufacturing overhead Data Table Enter the formula for predetermined manufacturing overhead rate, then compute the rate Estimated yearly overhead coated yearly machine hours. Predetermined overhead to 6300 por machine hour Requirement 2. Calculate the located manufacturing...
confused on this part of the equation, i have included my solved data. Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? First calculate the preliminary manufacturing overhead balance using the T-account. Actual indirect materials 170,100 Actual depreciation on plant and equipment Actual indirect manufacturing labor Actual plant utilities Manufacturing Overhead 50,500 Manufacturing overhead allocated 72,500 42,000 38,400 33,300 End Bal Close the under- or overallocated overhead to Cost...
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows: Actual manufacturing overhead cost $500,900 Estimated manufacturing overhead cost $551,000 Estimated direct labor cost $175,200 Estimated direct labor hours 50,500 Actual direct labor hours 60,800 Estimated machine hours 40,300 Actual machine hours 35,800 By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) A. $162,428...
Requirements: 1. Compute Young'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? Young Foundry in Altanta, Georgia, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the...