Homework Answers
The correct answer is option c
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The overhead is applied on the basis of direct labor hours.
Predetermined overhead rate of Alpha company is = $ 5.1 per hour
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The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual...
Colby Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases...
Colby Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases are: direct labor cost $460,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $601,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Colby applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing...
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity...
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity bases are: direct labor cost $175,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $387,500 and the actual direct labor cost for the year was $172,000. Actual direct labor hour:s totaled 38,500 and machine hours totaled 79,000. Cartwright applies overhead based on direct labor hours a. Compute the predetermined overhead rate per direct labor hour....
Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and...
Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and actual labor hours are 21,000. (T of F) If the amount of manufacturing overhead applied to production is $420,000, and the firm applies overhead using direct labor hours, then the estimated number of direct labor hours is $25,000. True False
Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and...
Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and actual labor hours are 21,000. (T of F) If the amount of manufacturing overhead applied to production is $420,000, and the firm applies overhead using direct labor hours, then the estimated number of direct labor hours is $25,000. True False
Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor...
Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor for the year follows: Estimated manufacturing overhead $120,000 Direct labor hours estimated 5,000 Estimated direct labor costs $50,000 Estimated machine hours 6,000 Assuming the actual manufacturing overhead cost and the actual activities for Job 201 is as follows: Actual manufacturing overhead $ 12,000 Direct labor hours actual incurred 300 Actual direct labor costs totaled $ 9,800 Actual machine hours totaled 400 Instructions (a) Compute...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $482,910 and direct labor hours would be 48,291. Actual factory overhead costs incurred were $520,224, and actual direct labor hours were 54,190. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a. $58,990 underapplied b. $21,676 overapplied c. $541,900 overapplied d. $21,676 underapplied A manufacturing company applies factory...
Strong Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated...
Strong Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, direct labour hours would total 50,000, and machine hours would total 20,000. By 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was: $10 per machine hour. $0.04 per machine hour. $25 per machine hour. $0.05 per machine hour. $20 per machine hour.
Strong Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated...
Strong Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, direct labour hours would total 50,000, and machine hours would total 20,000. By 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was: $10 per machine hour. $0.04 per machine hour. $25 per machine hour. $0.05 per machine hour. $20 per machine hour.
. Strong Company applies overhead based on machine hours. At the beginning of 20x1.the company estimated...
. Strong Company applies overhead based on machine hours. At the beginning of 20x1.the company estimated that manufacturing overhead would be $500,000, direct labour hours would total 50,000, and machine hours would total 20,000. By 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was: * (3 Points) $10 per machine hour. $25 per machine hour 50,04 per machine hour. 0 $20 per machine hour. $0.05...
a. If the company uses a normal costing system, calculate the costs incurred by Job Alpha...
a. If the company uses a normal costing system,
calculate the costs incurred by Job Alpha in
July.
b. If the company uses a standard costing
system, calculate the costs incurred by Job Alpha in
July.
2. A company has the following information for Job Alpha during July: Units produced Actual materials used (and purchased) 565 7,831 Ibs. $ 13.30 per pound Actual Materials Cost Actual labor hours incurred 2,978 Actual labor rate 38.00 per hour The company applies manufacturing...
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity bases are: direct labor cost $175,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $387,500 and the actual direct labor cost for the year was $172,000. Actual direct labor hour:s totaled 38,500 and machine hours totaled 79,000. Cartwright applies overhead based on direct labor hours a. Compute the predetermined overhead rate per direct labor hour....
Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and actual labor hours are 21,000. (T of F) If the amount of manufacturing overhead applied to production is $420,000, and the firm applies overhead using direct labor hours, then the estimated number of direct labor hours is $25,000. True False
. Strong Company applies overhead based on machine hours. At the beginning of 20x1.the company estimated that manufacturing overhead would be $500,000, direct labour hours would total 50,000, and machine hours would total 20,000. By 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was: * (3 Points) $10 per machine hour. $25 per machine hour 50,04 per machine hour. 0 $20 per machine hour. $0.05...
a. If the company uses a normal costing system,
calculate the costs incurred by Job Alpha in
July.
b. If the company uses a standard costing
system, calculate the costs incurred by Job Alpha in
July.
2. A company has the following information for Job Alpha during July: Units produced Actual materials used (and purchased) 565 7,831 Ibs. $ 13.30 per pound Actual Materials Cost Actual labor hours incurred 2,978 Actual labor rate 38.00 per hour The company applies manufacturing...
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