Estimated cost and operating data for the forthcoming period for three companies are given below: Estimated...
Estimated cost and operating data for the forthcoming period for three companies are given below: Estimated cost and operating data for the three companies are given below:
Company A Company B Company C Direct labor hours 12,000 15,000 20,000 Manufacturing overhead $90,000 $120,000 $150,000 Machine hours 20,000 20,000 25,000 Direct labor cost $60,000 $ 75,000 $100,000
Actual cost and operating data for the three companies are given below: Company A Company B Company C Direct labor hours 10,000 15,500 16,000 Manufacturing overhead $95,000 $100,000 $175,000 Machine hours 21,000 19,000 30,000 Direct labor cost $55,000 $80,000 $90,000
You have been hired to assist Company A, Company B, and Company C design the most effective manufacturing overhead allocation system for each company. You must choose one activity base for each company. You must support your decision.
Homework Answers
| Company A | Company B | Company C | ||
| Direct labor hours | 12000 | 15000 | 20000 | |
| Manufacturing overhead M | $90000 | $120000 | $150000 | |
| Machine hours | 20000 | 20000 | 25000 | |
| Direct labor cost | 60000 | 75000 | 100000 | |
| Predetermined overhead rate based on | Direct labor hours | Direct labor cost | Machine hours | |
| Base B | 12000 | 75000 | 25000 | |
| Manufacturing overhead rate M/B | $7.50 | $1.60 | $6.00 | |
| If any doubt please comment | ||||
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Estimated cost and operating data for the forthcoming period for
three companies are given below: Estimated...
no. 1 O. 100% Tables Charts SmartArt Paragraph Styles MEHE 22 - CE A: EE20ENJA List...
no. 1 O. 100% Tables Charts SmartArt Paragraph Styles MEHE 22 - CE A: EE20ENJA List Paragraph 1121 WALL 1. Estimated cost and operating data for the forthcoming period for three companies are given below: Estimated cost and operating data for the three companies are given below: Company A Company B Company C Direct labor hours 12,000 15,000 20,000 Manufacturing overhead $90,000 $120,000 $150,000 Machine hours 20,000 20,000 25,000 Direct labor cost $60,000 $ 75,000 $100,000 Actual cost and operating...
Exercise 3 (Applying Overhead with Various Bases) Estimated cost and operating data for three companies for...
Exercise 3 (Applying Overhead with Various Bases) Estimated cost and operating data for three companies for the upcoming year are given below: Company Direct labor-hours Machine-hours Raw materials cost Manufacturing overhead 30,000 90,000 P160,000 40,000 18,000 P240,000 60,000 25,000 P300,000 432,000 270,000 384,000 cost Predetermined overhead rates are computed using the following bases in the three companies: Company Overhead Rate Based on - Direct labor-hours Machine-hours Raw materials cost Required 1. Compute the predetermined overhead rate to be used in...
Coronado Company estimates that annual manufacturing overhead costs will be $828,000. Estimated annual operating activity bases...
Coronado Company estimates that annual manufacturing overhead
costs will be $828,000. Estimated annual operating activity bases
are direct labor cost $450,000, direct labor hours 45,000, and
machine hours 90,000. Compute the predetermined overhead rate for
each activity base.
Brief Exercise 15-06 Coronado Company estimates that annual manufacturing overhead costs will be $828,000. Estimated annual operating activity bases are direct labor cost $450,000, direct labor hours 45,000, and machine hours 90,000. Compute the predetermined overhead rate for each activity base. (Round...
Given the information shown below answer the questions below: Actual manufacturing overhead Estimated manufacturing overhead Actual...
Given the information shown below answer the questions below: Actual manufacturing overhead Estimated manufacturing overhead Actual direct materials cost Estimated direct materials cost Actual direct labor cost Estimated direct labor cost Estimated machine hours Actual machine hours $2,100,000 $2,000,000 $400,000 $380,000 $420,000 $450,000 4,000 4,300 Calculate the predetermined factory overhead rate using machine hours as a cost driver. Calculate the predetermined factory overhead rate using direct labor cost as a . cost driver. Would overhead be overapplied or underapplied given...
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity...
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity bases are: direct labor cost $175,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $387,500 and the actual direct labor cost for the year was $172,000. Actual direct labor hour:s totaled 38,500 and machine hours totaled 79,000. Cartwright applies overhead based on direct labor hours a. Compute the predetermined overhead rate per direct labor hour....
Service Department Cost Allocation Presented below are certain operating data for the four depart- ments of...
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Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,200 $ 3.10 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.61 per machine-hour $679 per machine-hour $9.30 per machine-hour $1472 per machine-hour Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
Colby Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases...
Colby Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases are: direct labor cost $460,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $601,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Colby applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing...
Given the following data, answer the questions below the table: ---------------------------------------------------------------------------------------------------------------------- Data Markup on job cost...
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Given the following data, answer the questions below the table: ------------------------------------------------------------------------------------------------------------------------ Data Allocation base Machine-hours Estimated...
Given the following data, answer the questions below the table: ------------------------------------------------------------------------------------------------------------------------ Data Allocation base Machine-hours Estimated manufacturing overhead cost $220,800 Estimated total amount of the allocation base 46,000 machine-hours Actual manufacturing overhead cost $240,100 Actual total amount of the allocation base 42,000 machine-hours ------------------------------------------------------------------------------------------------------------------------ a) What is the pre-determined overhead rate? b) By how much is the manufacturing overhead underapplied or overapplied? c) Change the estimated total amount of allocation base to 48,000 machine hours, now by how much is...
no. 1 O. 100% Tables Charts SmartArt Paragraph Styles MEHE 22 - CE A: EE20ENJA List Paragraph 1121 WALL 1. Estimated cost and operating data for the forthcoming period for three companies are given below: Estimated cost and operating data for the three companies are given below: Company A Company B Company C Direct labor hours 12,000 15,000 20,000 Manufacturing overhead $90,000 $120,000 $150,000 Machine hours 20,000 20,000 25,000 Direct labor cost $60,000 $ 75,000 $100,000 Actual cost and operating...
Exercise 3 (Applying Overhead with Various Bases) Estimated cost and operating data for three companies for the upcoming year are given below: Company Direct labor-hours Machine-hours Raw materials cost Manufacturing overhead 30,000 90,000 P160,000 40,000 18,000 P240,000 60,000 25,000 P300,000 432,000 270,000 384,000 cost Predetermined overhead rates are computed using the following bases in the three companies: Company Overhead Rate Based on - Direct labor-hours Machine-hours Raw materials cost Required 1. Compute the predetermined overhead rate to be used in...
Coronado Company estimates that annual manufacturing overhead
costs will be $828,000. Estimated annual operating activity bases
are direct labor cost $450,000, direct labor hours 45,000, and
machine hours 90,000. Compute the predetermined overhead rate for
each activity base.
Brief Exercise 15-06 Coronado Company estimates that annual manufacturing overhead costs will be $828,000. Estimated annual operating activity bases are direct labor cost $450,000, direct labor hours 45,000, and machine hours 90,000. Compute the predetermined overhead rate for each activity base. (Round...
Given the information shown below answer the questions below: Actual manufacturing overhead Estimated manufacturing overhead Actual direct materials cost Estimated direct materials cost Actual direct labor cost Estimated direct labor cost Estimated machine hours Actual machine hours $2,100,000 $2,000,000 $400,000 $380,000 $420,000 $450,000 4,000 4,300 Calculate the predetermined factory overhead rate using machine hours as a cost driver. Calculate the predetermined factory overhead rate using direct labor cost as a . cost driver. Would overhead be overapplied or underapplied given...
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity bases are: direct labor cost $175,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $387,500 and the actual direct labor cost for the year was $172,000. Actual direct labor hour:s totaled 38,500 and machine hours totaled 79,000. Cartwright applies overhead based on direct labor hours a. Compute the predetermined overhead rate per direct labor hour....
Service Department Cost Allocation Presented below are certain operating data for the four depart- ments of Tally Manufacturing Company. Service Production 1 2 1 2 $60,000 $72,000 Total manufacturing overhead costs either identifiable with or allocated to each department .... Square feet of factory floor space. Number of factory workers ... Planned direct labor hours for the year $90,000 40,000 50 20,000 $98,000 80,000 10 30,000 Allocate, to the two production departments, the costs of service departments 1 and 2,...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,200 $ 3.10 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.61 per machine-hour $679 per machine-hour $9.30 per machine-hour $1472 per machine-hour Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
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