Homework Answers
Correct answer-----------(A) $134,950
Working
| Direct material | $ 32,000.00 |
| Direct labor | $ 46,400.00 |
| Manufacturing overhead ( 5800 x 9.75) | $ 56,550.00 |
| Total manufacturing cost for Job #101 | $ 134,950.00 |
.
| Estimated overheads | $ 975,000.00 |
| Estimated total Direct labor hours | 100000 |
| Predetermined overhead rate | $ 9.75 |
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Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using dired...
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using direct...
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using direct labor hours. Its total estimated overhead costs are $975,000 Esimated machine hours are expected to be 50.000 hours and estimated direct labor hours we expected to be 100,000 hours. What is the total amount of allocated overhead actual machine hours are 45,000 hours and actual direct labor hours are 92,000? TIP: Please round any intermediary calculations to 2 decimal places O A $897000 OB....
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing...
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows: Actual manufacturing overhead cost $500,900 Estimated manufacturing overhead cost $551,000 Estimated direct labor cost $175,200 Estimated direct labor hours 50,500 Actual direct labor hours 60,800 Estimated machine hours 40,300 Actual machine hours 35,800 By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) A. $162,428...
Walker Enterprises, Inc., uses a job-order costing system and sets a predetermined overhead rate at the...
Walker Enterprises, Inc., uses a job-order costing system and sets a predetermined overhead rate at the beginning of each year based on estimated manufacturing overhead costs. Each job requires work in both the Assembly and Machining Departments. The predetermined overhead rate is based on direct labor cost in Assembly Department and on machine hours in Machining Department. At the beginning of the year, the company made the following estimates: Assembly Department $120,000 Machining Department $32,000 Direct labor cost Manufacturing overhead...
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two...
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two departments: Machining & Assembly. The Machining department allocates overhead using machine hours, and the Assembly department allocates overhead using direct labor hours. It has accumulated the following data for 2018 Machining Department estimated manufacturing overhead $670,000 Assembly Department esimated manufacturing overhead: $450.000 Total estimated overhead costs $1,120,000 Estimated machine hours in the machining department Estimated direct labor hours in the assembly department 10,000 hours...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $60 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments Assembly Department 9 Sanding Department Actual results Direct labor hours used Machine hours used The cost...
QUESTION 1 ABC Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The...
QUESTION 1 ABC Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two department: Assembly, and Sanding. The Assembly department uses a departmental overhead rate of $35 per machine hour. The Sanding department uses a departmental overhead rate of $20 per direct labor hour. Job 603 used the following Direct Labor Hours, and Machine Hours in the two departments: Actual Results Assembly Department Sanding Department Direct Labor Hours Used 8 5 Machine Hours Used...
The following information is available pertaining to Iris Division that uses a traditional (plantwide) overhead rate...
The following information is available pertaining to Iris Division that uses a traditional (plantwide) overhead rate based on direct labor hours: Total Overhead $210,000 Direct labor-hours 170,000 Machine-hours 400,000 Job 101 used the following resources Direct costs $10,000 Direct Labor-hours 450 Machine-hours 300 Units produced 500 What are the total overhead costs assigned to Job 101?
Patel Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on...
Patel Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. (Click the icon to view the costs.) Read the requirements P. i Data Table At the beginning of 2018, the company expected to incur the following: Manufacturing overhead costs $ 850,000 Direct labor costs 1,550,000 Machine hours 85,000 hours At the end of 2018, the company had actually incurred: $ 1,210,000 520,000 36,500 Direct labor costs Depreciation on manufacturing plant...
Managerial Accounting - predetermined overhead ABC Company uses a job-order costing system and a predetermined overhead...
Managerial Accounting - predetermined overhead
ABC Company uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated the followings: $ Factory overhead Machine hours 50,000 8,000 The following information pertains to December of the current year: Work-in-Process, December 1 Materials requisitioned Direct labor cost Actual machine hours Job 101 Job 201 $ 6,000 $ 2,500 $ $ 1,200 $ 800 $ $ 1,000 $ 400 $ 300...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg direct labor hours) Actual overhead cost divided by estimated allocation base (eg direct labor hours) Estimated overhead Costs divided by actual allocation base (eg actual direct labor hours) actual overhead costs divided by actual allocation base (eg actual direct labor hours) Do not cost their services using job costing techniques True O False The beginning in Finished Goods Inventory is $50,000, the ending balance...
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using direct labor hours. Its total estimated overhead costs are $975,000 Esimated machine hours are expected to be 50.000 hours and estimated direct labor hours we expected to be 100,000 hours. What is the total amount of allocated overhead actual machine hours are 45,000 hours and actual direct labor hours are 92,000? TIP: Please round any intermediary calculations to 2 decimal places O A $897000 OB....
Walker Enterprises, Inc., uses a job-order costing system and sets a predetermined overhead rate at the beginning of each year based on estimated manufacturing overhead costs. Each job requires work in both the Assembly and Machining Departments. The predetermined overhead rate is based on direct labor cost in Assembly Department and on machine hours in Machining Department. At the beginning of the year, the company made the following estimates: Assembly Department $120,000 Machining Department $32,000 Direct labor cost Manufacturing overhead...
Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two departments: Machining & Assembly. The Machining department allocates overhead using machine hours, and the Assembly department allocates overhead using direct labor hours. It has accumulated the following data for 2018 Machining Department estimated manufacturing overhead $670,000 Assembly Department esimated manufacturing overhead: $450.000 Total estimated overhead costs $1,120,000 Estimated machine hours in the machining department Estimated direct labor hours in the assembly department 10,000 hours...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $60 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments Assembly Department 9 Sanding Department Actual results Direct labor hours used Machine hours used The cost...
Patel Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. (Click the icon to view the costs.) Read the requirements P. i Data Table At the beginning of 2018, the company expected to incur the following: Manufacturing overhead costs $ 850,000 Direct labor costs 1,550,000 Machine hours 85,000 hours At the end of 2018, the company had actually incurred: $ 1,210,000 520,000 36,500 Direct labor costs Depreciation on manufacturing plant...
Managerial Accounting - predetermined overhead
ABC Company uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated the followings: $ Factory overhead Machine hours 50,000 8,000 The following information pertains to December of the current year: Work-in-Process, December 1 Materials requisitioned Direct labor cost Actual machine hours Job 101 Job 201 $ 6,000 $ 2,500 $ $ 1,200 $ 800 $ $ 1,000 $ 400 $ 300...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg direct labor hours) Actual overhead cost divided by estimated allocation base (eg direct labor hours) Estimated overhead Costs divided by actual allocation base (eg actual direct labor hours) actual overhead costs divided by actual allocation base (eg actual direct labor hours) Do not cost their services using job costing techniques True O False The beginning in Finished Goods Inventory is $50,000, the ending balance...
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