Calculating the Predetermined Overhead Rate, Applying Overhead to Production
At the beginning of the year, Debion Company estimated the following:
Overhead | $881,200 |
Direct labor hours | 93,000 |
Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 19,530.
Required:
1.
Calculate the predetermined overhead rate for Debion. Round your
answer to the nearest cent.
$ per direct labor hour
2.
Calculate the overhead applied to production in March. Round your
intermediate calculations to two decimal places and round your
answer to nearest whole value.
$
1) Predetermined overhead | ||||||
predetermined overhead = overhead/direct labor hour | ||||||
predetermined overhead = 881200/93000 = 9 per hour (rounded off) | ||||||
2) overhead applied = direct labor hour*predetermine overhead | ||||||
overhead applied = 19530*9 = 175770 |
Please give a thumbs up if it is helpful & let me know if any doubt
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $876,200 Direct labor hours 89,000 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 17,800. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. per direct labor hour 2. Calculate the overhead applied to production in March. Round...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $498,300 Direct labor hours 85,250 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 17,050. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. $ per direct labor hour 2. Calculate the overhead applied to production in March....
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $445,300 Direct labor hours 76,500 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 13,005. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. per direct labor hour 2. Calculate the overhead applied to production in March. Round...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $900,100 Direct labor hours 90,000 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 21,600. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. $ 10.00 per direct labor hour 2. Calculate the overhead applied to production in...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $702,800 Direct labor hours 86,250 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 21,563. Required: 1. Calculate the predetermined overhead rate for Debion. Round your answer to the nearest cent. $ 8.15 per direct labor hour 2. Calculate the overhead applied to production in...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Debion Company estimated the following: Overhead $507,500 Direct labor hours 90,000 Debion uses normal costing and applies overhead on the basis of direct labor hours. For the month of March, direct labor hours were 8,300. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Retrieving data. Wait a...
04.39
Calculating the Predetermined Overhead Rate, Applying Overhead to Production. Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Underand Overapplied Overhead At the beginning of the year, Han Company estimated the following: Overhead $240,000 Direct labor hours 80,000 Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,250. By the end of the year, Han showed the following actual amounts:...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production At the beginning of the year, Nature's Best estimated the following: Overhead $582,100 67,500 Direct labour hours Nature's Best uses normal costing and applies overhead on the basis of direct labour hours. For the month of March, direct labour hours were 17,550. Required: 1. Calculate the predetermined overhead rate for Nature's Best. Round your answer to the nearest cent. per direct labour hour 2. Calculate the overhead applied to production in...
w e in inkedin 1705 Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cast of Goods Sold for Under- and Overappled Overhead At the beginning of the year, Horvath Company estimated the following: Overhead $486,400 Direct labor hours 95.000 Horvath uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 7830. By the end of the year, Horvath...
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjusting Cost of Goods Sold for Under- and Overapplied Overhead At the beginning of the year, Horvath Company estimated the following: Overhead $486,400 Direct labor hours 95,000 Horvath uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 7,830. By the end of the year, Horvath showed the following actual amounts:...