Here are selected data for Wilson Company: Estimated manufacturing overhead $243,750 Factory utilities $30,200 Estimated labor...
Here are selected data for Wilson Company:
|
Estimated manufacturing overhead |
$243,750 |
Factory utilities |
$30,200 |
|
|
Estimated labor hours |
35,000 |
Indirect labor |
$22,400 |
|
|
Actual direct labor hours |
36,000 |
Sales commissions |
$53,700 |
|
|
Estimated direct labor cost |
$325,000 |
Factory rent |
$47,700 |
|
|
Actual direct labor cost |
$320,800 |
Factory property taxes |
$28,100 |
|
|
Factory depreciation |
$65,400 |
Indirect materials |
$33,000 |
If the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs?
A.
$427,733
B.
$226,800
C.
$240,600
D.
$243,750
Homework Answers
Correct answer----(C ) $240,600
|
Calculation of Predetermined Overhead rate |
||
|
(A) |
Total Estimated Manufacturing Overheads |
$ 2,43,750.00 |
|
(B) |
Estimated Direct Labor Cost |
325000 |
|
(A/B) |
Predetermined overhead rate |
75% |
|
(A) |
Actual Direct labor Cost |
$ 3,20,800.00 |
|
(B) |
Predetermined overhead rate |
75% |
|
(AxB) |
Allocated Overheads |
$ 2,40,600 |
Add Answer to:
Here are selected data for Wilson Company:
Estimated manufacturing overhead
$243,750
Factory utilities
$30,200
Estimated labor...
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please explain in detail use equations and actual numbers. I am interested in understanding not just...
please explain in detail use equations and actual
numbers.
I am interested in understanding not just the
answers
thank you for whoever reads this
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please explain in detail use equations and actual
numbers.
I am interested in understanding not just the
answers
thank you for whoever reads this
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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 $355,104 and direct labor hours would be 49,100. Actual manufacturing overhead costs incurred were $318,000, and actual direct labor hours were 51,000. The journal entry to apply the factory overhead costs for the year would include a a debit to Factory Overhead for $318,000 b. credit to Factory Overhead for $355,100 c. credit to Factory...
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