Homework Answers
Overhead rate = estimated overhead/estimated labor hour = 702000/117000 = 6 per labor hour
Applied overhead = actual overhead-Under applied overhead = 702000-11700 = 690300
Direct labor hour worked = Applied overhead/Overhead rate = 690300/6 = 115050 hour
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Capitol, Inc., estimated that direct labor for the year would be 117.000 hours. Capitol's overhead (all...
Capitol, Inc., estimated that direct labor for the year would be 44,300 hours. Capitol's overhead (all...
Capitol, Inc., estimated that direct labor for the year would be 44,300 hours. Capitol's overhead (all fixed) is applied on the basis of direct labor-hours. The company estimates its overhead costs at $181,630. During the year, all overhead costs were exactly as planned ($181,630). There was $18,450 in underapplied overhead. 2.85 Points Required: How many direct labor-hours were worked during the period? (Do not round intermediate calculations.) Direct labor hours eBook
Melbourne Company estimated that machine hours for the year would be 40,000 hours and overhead (all...
Melbourne Company estimated that machine hours for the year would be 40,000 hours and overhead (all foed) would be $320,000 Melbourne applies is overhead on the basis of machine hours. During the year all overhead costs were exactly as planned $320,000). There was $44.000 in overapplied overhead Required How many machine-hours were worked during the period? Machine hours
Melbourne Company estimated that machine-hours for the year would be 39,500 hours and overhead (all fixed) would be $17...
Melbourne Company estimated that machine-hours for the year would be 39,500 hours and overhead (all fixed) would be $173,800. Melbourne applies its overhead on the basis of machine-hours. During the year, all overhead costs were exactly as planned ($173,800). There was $26,400 in overapplied overhead. 85 pints Required: How many machine-hours were worked during the period? (Do not round intermediate calculations.) Heu inediy machine-hour Machine hours eBook
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period. Assume that Job X used 30 direct labor-hours. How much manufacturing overhead would be applied...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl...
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $700,000, machine hours to be 200,000, and direct labor hours to be 35,000. During February, Victryl has 5,000 direct labor hours and 10,000 machine hours. If the actual overhead for February is $98,300, what is the overhead variance, and is it overapplied or underapplied? a. $1200 underapplied Ob. $1,000 underapplied Oc. $600 overapplied Od, $800 overapplied e. $1,700 overapplied Ned...
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Davie, Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,100,000...
Davie, Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,100,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) Supporting Materials Actual manufacturing overhead Allocated manufacturing overhead $800,000 $900,000 O 181,818 hours O 281,250 hours O 250,000 hours 204,545...
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.Fixed Overhead CostsVariable Overhead CostsSupervision$88,200Indirect labor$155,342Depreciation72,000Indirect materials74,294Insurance29,760Repairs67,540Rent24,360Utilities67,540Property taxes13,080Lubricants16,885$227,400$381,601It is estimated that direct labor hours worked each month will range from 21,500 to 29,600 hours.During October, 21,500 direct labor hours were worked and the following overhead costs were incurred.Fixed overhead costs: Supervision $7,350, Depreciation $6,000, Insurance $2,450, Rent $2,030, and Property taxes $1,090.Variable overhead costs: Indirect...
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Melbourne Company estimated that machine hours for the year would be 40,000 hours and overhead (all foed) would be $320,000 Melbourne applies is overhead on the basis of machine hours. During the year all overhead costs were exactly as planned $320,000). There was $44.000 in overapplied overhead Required How many machine-hours were worked during the period? Machine hours
Melbourne Company estimated that machine-hours for the year would be 39,500 hours and overhead (all fixed) would be $173,800. Melbourne applies its overhead on the basis of machine-hours. During the year, all overhead costs were exactly as planned ($173,800). There was $26,400 in overapplied overhead. 85 pints Required: How many machine-hours were worked during the period? (Do not round intermediate calculations.) Heu inediy machine-hour Machine hours eBook
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At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period. Assume that Job X used 30 direct labor-hours. How much manufacturing overhead would be applied...
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