Homework Answers
1- answer is d
predetermined overhead rate = estimated annual overhead/estimated annual activity level
2- answer is a
overhead rate applied = overhead applied/direct labor hours
80000/10000 =8 overhead rate per direct labor hour
estimated labor hours = 1120000/8 = 140000
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Which of the following mathematical equations is used to calculate a predetermined overhead rate? Oa. Predetermined...
The predetermined overhead rate is usually calculated Oa. at the beginning of each month. Ob. at...
The predetermined overhead rate is usually calculated Oa. at the beginning of each month. Ob. at the end of each month. Oc. at the end of the year. Od. at the beginning of the year Recelving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving? Da. $4.50 per receiving hour Ob. $4 per recelving hour Oc. $5 per receiving hour Od. $14 per receiving hour Oe. Cannot be determined from this information. Previc
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....
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 dired labor hours. Its total estimated overhead costs are 5975,000 Esimated machine hours are expected to be 50.000 hours and estimated direct labor hours are expected to be 100,000 hours. Actual machine hours were 45,000 hours and actual direct labor hours were 92.0002 Assume Job #101 incurred Direct materials cost of $32,000 and Direct labor costs of 546,400. Actual direct labor hours were 5 800...
102. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply man overhead...
102. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply man overhead to jobs. For the month of October, Avery's estimated manufacturing overhead cost was based on an estimated activity level of 100,000 direct labor-hours. Actual overhead amounted with actual direct labor-hours totaling 110,000 for the month. How much was the overapplied or underapplied overhead? A. $25,000 overapplied B. $25,000 underapplied C. $5,000 overapplied D. $5,000 underapplied
Seved Hele Luthan Company uses a plantwide predetermined overhead rate of $23.60 per direct labor-hour. This...
Seved Hele Luthan Company uses a plantwide predetermined overhead rate of $23.60 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $283,200 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $265,000 and 11,900 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing...
Luthan Company uses a predetermined overhead rate of $23.80 per direct labor-hour. This predetermined rate was...
Luthan Company uses a predetermined overhead rate of $23.80 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $285,600 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 12,500 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Westan Corporation uses a predetermined overhead rate of $23.70 per direct labor-hour. This predetermined rate was...
Westan Corporation uses a predetermined overhead rate of $23.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $284,400 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 10,400 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Westan Corporation uses a predetermined overhead rate of $23.30 per direct labor-hour. This predetermined rate was...
Westan Corporation uses a predetermined overhead rate of $23.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $279,600 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $269,000 and 10,800 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead...
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and...
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate...
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $278,400 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of $266,000 and 12,400 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period.
The predetermined overhead rate is usually calculated Oa. at the beginning of each month. Ob. at the end of each month. Oc. at the end of the year. Od. at the beginning of the year Recelving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving? Da. $4.50 per receiving hour Ob. $4 per recelving hour Oc. $5 per receiving hour Od. $14 per receiving hour Oe. Cannot be determined from this information. Previc
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....
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using dired labor hours. Its total estimated overhead costs are 5975,000 Esimated machine hours are expected to be 50.000 hours and estimated direct labor hours are expected to be 100,000 hours. Actual machine hours were 45,000 hours and actual direct labor hours were 92.0002 Assume Job #101 incurred Direct materials cost of $32,000 and Direct labor costs of 546,400. Actual direct labor hours were 5 800...
102. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply man overhead to jobs. For the month of October, Avery's estimated manufacturing overhead cost was based on an estimated activity level of 100,000 direct labor-hours. Actual overhead amounted with actual direct labor-hours totaling 110,000 for the month. How much was the overapplied or underapplied overhead? A. $25,000 overapplied B. $25,000 underapplied C. $5,000 overapplied D. $5,000 underapplied
Seved Hele Luthan Company uses a plantwide predetermined overhead rate of $23.60 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $283,200 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $265,000 and 11,900 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing...
Luthan Company uses a predetermined overhead rate of $23.80 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $285,600 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 12,500 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Westan Corporation uses a predetermined overhead rate of $23.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $284,400 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 10,400 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Westan Corporation uses a predetermined overhead rate of $23.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $279,600 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $269,000 and 10,800 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Exercise 2-1 (Algo) Compute a Predetermined Overhead Rate [LO2-1) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $592,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of 54.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was 5786,895 and...
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