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![Requirement-1: Allocated overhead (using direct labor hours as base $1,447,600 [Given] Actual overhead cost incurred for the year Manufacturing overhead is overallocated by (It is considered overallocated because overhead allocated is higher than actual overhead cost) $1,425,000 [Given] $22,600 [Ś1,447,600 $1,425,0001 Requirement-2: Allocated overhead (using direct labor cost as base 1,428,000 [Given] Actual overhead cost incurred for the year Manufacturing overhead is overallocated by (It is considered overallocated because overhead allocated is higher than actual overhead cost) $1,425,000 [Given] $3,000 [S1,428,000 $1,425,0001 Requirement-3 $1,382,500 [Given] $1,425,000 [Given] Allocated overhead (using machine hours as base) Actual overhead cost incurred for the year Manufacturing overhead is underallocated by (It is considered underallocated because overhead allocated is less than actual overhead cost) $42,500 [$1,425,000 - $1,382,500] Requirement-4: There were no situations in which jobs were costed correctly Jobs were overcosted when direct labor hours and direct labor costs were used as base Jobs were undercosted when machine hours and direct labor costs were used as base](http://img.homeworklib.com/questions/178dee80-74d9-11ea-b553-a3392ac63cbc.png?x-oss-process=image/resize,w_560)
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Edmonton Pools manufactures swimming pool equipment. B(Click the icon to view data.) Determine the total overallocation...
Waidman Pools manufactures swimming pool equipment Click the icon to view data) Determine the total overallocation...
Waidman Pools manufactures swimming pool equipment Click the icon to view data) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Waldman Pools totaled $1,225,000 1. Assume that the company used direct labor hours as the allocation base. 2. Assume that the company used the direct labor cost as the location base 3. Assume that the company used machine hours as the allocation base 4....
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead costs next year to be S1,200,000. Falmouth also estimates it will use 18,750 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be un for 15,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: . Assume that the company uses direct labor hours as its manufacturing overhead...
Callahan Pools manufactures swimming pool equipment. Callahan has estimated the following manufacturing overhead rates using different...
Callahan Pools manufactures swimming pool equipment. Callahan has estimated the following manufacturing overhead rates using different independent situations EB (Click the icon to view the rates.) Determine the total manufacturing overhead allocated to Callahan's manufacturing jobs in the following independent situations 1 Assume that the company actually used 16,400 direct labor hours. 2. Assume that the company actually incurred $982,500 of direct labor cost. 3.Assume that the company actually ran the machines 11,850 hours. 4. Briefly explain what you have...
S3-7 (similar to) Question Help Falmouth Pools manufactures swimming pocl equipment. Falmouth has estimated the following...
S3-7 (similar to) Question Help Falmouth Pools manufactures swimming pocl equipment. Falmouth has estimated the following manufacturing overhead rates using different independent situations: 囲(Click the icon to view the rates.) Determine the total manufacturing overhead allccated to Falmouth's manufacturing jobs in the following independent situaticns. 1.Assume that the company actually used 30,250 direct labor hours. 2. Assume that the company actually incurred $1,025,000 of direct labor cost. 3. Assume that the company actually ran the machines 23,450 hours. 4. Briefly...
Homework: Ch 3 HW Score: 0 of 1 pt S3-6 (book/static) Save 2 of 13 (7...
Homework: Ch 3 HW Score: 0 of 1 pt S3-6 (book/static) Save 2 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16 pts Question Help Edmonton Pools manufactures swimming pool equipment. Edmonton estimates total manufacturing overhead costs next year to be $1,400,000. Edmonton also estimates it will use 50,000 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be run for 40,000 hours. Compute the predetermined manufacturing overhead rate...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit)...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
(Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rate 2....
(Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rate 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? Data Table Manufacturing overhead costs ........$ 630,000 Direct labor cost . $ 1,650,000 Machine hours. 90,000 At the...
ABC Company estimates $500,000 in total manufacturing overhead costs for the year. The company used direct...
ABC Company estimates $500,000 in total manufacturing overhead costs for the year. The company used direct labor hours as the cost allocation base, and estimates a total of 20,000 direct labor hours for the year. a) Calculate the estimated rate of Manufacturing Overhead allocation in the Before stage. b) 3,200 direct labor hours were used in Job ID #86 during the year. Calculate the manufacturing overhead for this job in the During stage. c) The company allocated $500,000 of manufacturing...
Question number 1: Davy Company had a beginning work in process inventory balance of $32,000. During...
Question number 1: Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was placed into production. Direct labor was $63,400, and indirect labor was $19,500. Manufacturing overhead is applied at 125% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance? a. $172,000 b. $ 11,400 c. $ 4,150 d. $ 79,250 Question...
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs...
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs $630,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000. The company estimates that it will incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) during the year. Perreth Products currently...
Waidman Pools manufactures swimming pool equipment Click the icon to view data) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Waldman Pools totaled $1,225,000 1. Assume that the company used direct labor hours as the allocation base. 2. Assume that the company used the direct labor cost as the location base 3. Assume that the company used machine hours as the allocation base 4....
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead costs next year to be S1,200,000. Falmouth also estimates it will use 18,750 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be un for 15,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: . Assume that the company uses direct labor hours as its manufacturing overhead...
Callahan Pools manufactures swimming pool equipment. Callahan has estimated the following manufacturing overhead rates using different independent situations EB (Click the icon to view the rates.) Determine the total manufacturing overhead allocated to Callahan's manufacturing jobs in the following independent situations 1 Assume that the company actually used 16,400 direct labor hours. 2. Assume that the company actually incurred $982,500 of direct labor cost. 3.Assume that the company actually ran the machines 11,850 hours. 4. Briefly explain what you have...
S3-7 (similar to) Question Help Falmouth Pools manufactures swimming pocl equipment. Falmouth has estimated the following manufacturing overhead rates using different independent situations: 囲(Click the icon to view the rates.) Determine the total manufacturing overhead allccated to Falmouth's manufacturing jobs in the following independent situaticns. 1.Assume that the company actually used 30,250 direct labor hours. 2. Assume that the company actually incurred $1,025,000 of direct labor cost. 3. Assume that the company actually ran the machines 23,450 hours. 4. Briefly...
Homework: Ch 3 HW Score: 0 of 1 pt S3-6 (book/static) Save 2 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16 pts Question Help Edmonton Pools manufactures swimming pool equipment. Edmonton estimates total manufacturing overhead costs next year to be $1,400,000. Edmonton also estimates it will use 50,000 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be run for 40,000 hours. Compute the predetermined manufacturing overhead rate...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
(Click the icon to view the costs.) Requirements 1. Compute Smith's predetermined manufacturing overhead rate 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? Data Table Manufacturing overhead costs ........$ 630,000 Direct labor cost . $ 1,650,000 Machine hours. 90,000 At the...
Question number 1: Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was placed into production. Direct labor was $63,400, and indirect labor was $19,500. Manufacturing overhead is applied at 125% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance? a. $172,000 b. $ 11,400 c. $ 4,150 d. $ 79,250 Question...
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs $630,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000. The company estimates that it will incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) during the year. Perreth Products currently...
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