Homework Answers
Predetermined overhead rate=Estimated overhead/Estimated machine hours
=(2,035,200/50880)=$40 per machine hour
Hence applied overhead=($40/machine hour*48680 hours)
=$1,947,200.
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Question 28 Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information...
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Please solve for the incorrect answers!
Exercise 5.24 Buffalo Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Buffalo estimated that the total overhead costs would be $77,700 and that the total labour hours would be 2,590. At the end of the year, Buffalo obtained the actual overhead costs from the ledger and found that the shop had incurred $71,204 and had worked 2,543 labour hours. Your answer is...
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three manufacturing departments. Manufacturing overhead is applied
to jobs on the basis of direct labor cost in Department D, direct
labor hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Department Manufacturing overhead Direct labor costs Direct labor hours Machine hours $931,000 $1,330,000 150,000 600,000 $1,625,000 $1,020,000 $1,875,000 $675,000 125,000 60,000...
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