A | Estimated Overhead | $960,000 | ||||
B | Estimated decorator hour | 40000 | ||||
C=A/B | Predetermined Overhead rate | $24 | per decorator hour | |||
Actual decorator hour | 40700 | |||||
Overhead applied=40700*24= | $976,800 | |||||
ACCOUNT TITLE AND EXPLANATION | DEBIT | CREDIT | ||||
Work in process inventory | $976,800 | |||||
Operating Overhead | $976,800 | |||||
(To record Operating Overhead applied) | ||||||
Actual Overhead | $995,800 | |||||
Applied Overhead | $976,800 | |||||
Overhead underapplied | $19,000 | (995800-976800) | ||||
Overhead | $19,000 | Underapplied | ||||
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each dlient's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $990,000 $1,072,800 40,000 40,600 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is incorrect. Try again....
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate fob. Overhead is a current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,058,800 40,000 41,500 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate per decorator hour or decorating business. Each client's consultation is treated as a separate Job...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $1,000,000 Actual overhead $1,014,800 Estimated decorator hours 40,000 Actual decorator hours 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,050,000 $1,039,800 40,000 39,500 The company uses Operating Overhead in place of Manufacturing Overhead and it uses Service Contracts in...
E13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $960,000 Actual overhead $982,800 Estimated decorator hours 40,000 Actual decorator hours 40,500 The company uses Operating Overhead in place of Manufacturing Overhead. Instructions (a) Compute the predetermined overhead rate....
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $1,000,000 Actual overhead $1,024,800 Estimated decorator hours 40,000 Actual decorator hours 39,800 The company uses the account Operating Overhead in place of Manufacturing Overhead and the account Service Contracts in...
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $990,000 Actual overhead $1,073,800 Estimated decorator hours 40,000 Actual decorator hours 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Prepare the entry to apply the overhead for...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of twento decorating buses hours incurred Listed belowe data for the current year scoutin r a te Overhead ed to each job based on the number of decorator ESTI $1.000.000 $1.013.800 Actual overhead Estimated decorator hours Actual decorator hours 39,000 The company uses Operating Overhead in place of Manufacturing Overhead Compute the predetermined overhead rute Predetermined overhead rate per decorator hour Prepare the entry to apply...
View Policies Current Attempt in Progress Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year, Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1.058,800 40,000 41.500 The company uses the account Operating Overhead in place of Manufacturing Overhead...
Please explain what is wrong here Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhea applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,073,800 40,000 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is...