Homework Answers
| Answer | |
| 1 |
Predetermined overhead rate: |
| Expected actual activity | |
| $15600/ (120 x 30) = $4.33 | |
| Theoretical activity | |
| $15600/ (150 x 30) = $3.47 | |
| 2 | Expected actual activity. |
| Since Expected actual activity, is more reliable. | |
| Please like | |
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Activity Levels Used to Compute Overhead Rates Reggie Wilmore has just started a new business-building and...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and...
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly...
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N.60 Testing Packaging Assembly $ 340 Direet materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? 2. If Job N-60 consists of 10 units, what is the...
Exercise 2-1 Compute a Predetermined Overhead Rate (LO2-1] 0.62 points Harris Fabrics computes its plantwide predetermined...
Exercise 2-1 Compute a Predetermined Overhead Rate (LO2-1] 0.62 points Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900...
Just need the Manufacturing Overhead, Is this correct way to set it up? Morton Company's budgeted...
Just need the Manufacturing Overhead, Is this correct way to set
it up?
Morton Company's budgeted variable manufacturing overhead is $2.50 per direct labor-hour and its budgeted fixed manufacturing overhead is $360,000 per year. The company manufactures a single product whose standard direct labor-hours per unit is 3.5 hours. The standard direct labor wage rate is $10 per hour. The standards also allow 2 feet of raw material per unit at a standard cost of $6 per foot. Although normal...
Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1] Harris Fabrics computes its plantwide predetermined overhead rate...
Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1] Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123.900 and its...
eBook Calculator Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of...
eBook Calculator Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year Estimated overhead $2,000,000 Expected activity 50,000 Actual activity (direct labor hours): Deluxe dryer 10,000 Regular dryer 40,000 Units produced Deluxe dryer 20,000 Regular dryer 200,000 Required: 1. Calculate the predetermined plantwide...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers:...
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Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers:...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead $1,944,000 Expected activity 54,000 Actual activity (direct labor hours): Deluxe dryer 15,000 Regular dryer 39,000 Units produced: Deluxe dryer 30,000 Regular dryer 195,000 Required: 1. Calculate the predetermined plantwide overhead rate,...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers:...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead $2,040,000 Expected activity 51,000 Actual activity (direct labor hours): Deluxe dryer 10,000 Regular dryer 41,000 Units produced: Deluxe dryer 20,000 Regular dryer 205,000 Required: 1. Calculate the predetermined plantwide overhead rate,...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers:...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead $1,976,000 Expected activity 52,000 Actual activity (direct labor hours): Deluxe dryer 8,000 Regular dryer 44,000 Units produced: Deluxe dryer 16,000 220,000 Regular dryer Required: 1. Calculate the predetermined plantwide overhead rate,...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and...
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N.60 Testing Packaging Assembly $ 340 Direet materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? 2. If Job N-60 consists of 10 units, what is the...
Exercise 2-1 Compute a Predetermined Overhead Rate (LO2-1] 0.62 points Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900...
Just need the Manufacturing Overhead, Is this correct way to set
it up?
Morton Company's budgeted variable manufacturing overhead is $2.50 per direct labor-hour and its budgeted fixed manufacturing overhead is $360,000 per year. The company manufactures a single product whose standard direct labor-hours per unit is 3.5 hours. The standard direct labor wage rate is $10 per hour. The standards also allow 2 feet of raw material per unit at a standard cost of $6 per foot. Although normal...
Exercise 2-1 Compute a Predetermined Overhead Rate [LO2-1] Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123.900 and its...
eBook Calculator Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year Estimated overhead $2,000,000 Expected activity 50,000 Actual activity (direct labor hours): Deluxe dryer 10,000 Regular dryer 40,000 Units produced Deluxe dryer 20,000 Regular dryer 200,000 Required: 1. Calculate the predetermined plantwide...
Applied Overhead and Unit Overhead Cost: Plantwide Rates Seco, Inc., produces two types of clothes dryers: deluxe and regular. Seco uses a plantwide rate based on direct labor hours to assign its overhead costs. The company has the following estimated and actual data for the coming year: Estimated overhead $1,976,000 Expected activity 52,000 Actual activity (direct labor hours): Deluxe dryer 8,000 Regular dryer 44,000 Units produced: Deluxe dryer 16,000 220,000 Regular dryer Required: 1. Calculate the predetermined plantwide overhead rate,...
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