Homework Answers
| Salary of factory supervisor | 37400 |
| Heating and lighting costs for factory | 22000 |
| Depreciation on factory equipment | 5500 |
| Total estimated manufacturing overhead | 64900 |
| Predetermined manufacturing overhead rate per machine hours = Total estimated manufacturing overhead / Total estimated machine hours = 64900 / 2100 | 31 | Option A |
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Zanny Moldings has the following estimated costs for the upcoming year Direct materials used 25.700 Direct...
company has the following estimated costs for 2014 Direct materials &
company has the following estimated costs for 2014 Direct materials 25,000 Advertising expense 15,000 Rent on factory building 13,000 Rent on office building 8,000 Direct labor 22,000 Depreciation on factory equipment 6,000 Indirect materials 10,000 Sales salaries 28,000 Insurance on factory equipment 12,000 Indirect labor 5,000 Property taxes on factory building 10,000 Property taxes on office building 10,000 company estimates that 32,000 direct labor hours and 20,000 machine hours will be worked during...
Calculator Aspen Technologies has the following budget data: Estimated direct labor hours Estimated direct labor dollars...
Calculator Aspen Technologies has the following budget data: Estimated direct labor hours Estimated direct labor dollars Estimated factory overhead costs If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is Oa. $14.87 Ob. $22.30 Oc. $18.59 Od. $27.88 9,400 $59,500 $174,700 All work saved
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory maintenance Marketing research Factory rent Sales salaries Factory insurance $60,700 14,300 20,300 30,000 45,900 47,900 50,000 63,400 X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 68,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 11.3
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $59,100 20,800 19,100 29,200 42,500 47,000 43,000 67,900 X Company estimates that direct labor hours for the year will be 1,600, and machines will be operated for 62,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? Submit Answer Tries 0/3
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $58,100 22,400 20,500 29,700 47,000 40,300 40,000 64,300 X Company estimates that direct labor hours for the year will be 1,400, and machines will be operated for 60,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 6.90 Submit Answer Incorrect. Tries 2/3 Previous Tries
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...
Salinger Company estimates that total factory overhead costs will be $115,000 for the year. Direct labor...
Salinger Company estimates that total factory overhead costs will be $115,000 for the year. Direct labor hours are estimated to be 23,000. a. For Salinger Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During April, Salinger Company accumulated 650 hours of direct labor costs on Job 50 and 500 hours on Job 51. Determine the amount of factory...
6) At the beginning of the current year CC Company estimated the following costs: Direct materials...
6) At the beginning of the current year CC Company estimated the following costs: Direct materials $4.000 Direct labour 20,000 Rent on factory building 15,000 Sales salaries 25.000 Depreciation on factory equipment 8,000 Indirect labour 10.000 сс Production supervisor's salary 12,000 Company estimated 20,000 labour hours to be worked during the year Actual labour hours worked were 22.000 hours. If overhead is applied on the basis of direct labour hours, what will be the overhead applied for the year? a)...
Almerinda Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor...
Almerinda Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor hours are estimated to be 531,000. Required: A. For Almerinda Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. B. During April, Almerinda Company accumulated 18,400 hours of direct labor costs on Job 50 and 23,200 hours on Job 51. Determine the amount of factory overhead applied to Jobs 50 and 51 in April. C. Prepare the journal...
Calculator Aspen Technologies has the following budget data: Estimated direct labor hours Estimated direct labor dollars Estimated factory overhead costs If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is Oa. $14.87 Ob. $22.30 Oc. $18.59 Od. $27.88 9,400 $59,500 $174,700 All work saved
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory maintenance Marketing research Factory rent Sales salaries Factory insurance $60,700 14,300 20,300 30,000 45,900 47,900 50,000 63,400 X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 68,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 11.3
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $59,100 20,800 19,100 29,200 42,500 47,000 43,000 67,900 X Company estimates that direct labor hours for the year will be 1,600, and machines will be operated for 62,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? Submit Answer Tries 0/3
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $58,100 22,400 20,500 29,700 47,000 40,300 40,000 64,300 X Company estimates that direct labor hours for the year will be 1,400, and machines will be operated for 60,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 6.90 Submit Answer Incorrect. Tries 2/3 Previous Tries
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...
6) At the beginning of the current year CC Company estimated the following costs: Direct materials $4.000 Direct labour 20,000 Rent on factory building 15,000 Sales salaries 25.000 Depreciation on factory equipment 8,000 Indirect labour 10.000 сс Production supervisor's salary 12,000 Company estimated 20,000 labour hours to be worked during the year Actual labour hours worked were 22.000 hours. If overhead is applied on the basis of direct labour hours, what will be the overhead applied for the year? a)...
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