Homework Answers
Predetermined Overhead Rate = Budgeted overhead / Direct labour cost
= $33,133 / $20,852
= 158.9
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John's Boats uses job costing. They use direct labor DOLLARS (costs) as a basis for allocating...
Question 1 2 pts John's Boats uses job costing. They use direct labor DOLLARS (costs) as...
Question 1 2 pts John's Boats uses job costing. They use direct labor DOLLARS (costs) as a basis for allocating overhead costs to jobs. Given the following information, calculate Johns's predetermined overhead rate. Remember that if your numerator and denominator are both dollars, your overhead rate will be a percentage. So be sure to convert your numerical answer to a percentage, rounded to one decimal place. For example, if your answer after dividing your figures is 4.593, multiply that by...
Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead...
Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following information, calculate Bob's predetermined overhead rate. Input your answer without dollar signs or commas. Round your answer to two decimal places. Actual Overhead Expense $104038 Estimated (Budgeted) Overhead Expense $110917 Actual Direct Labor Hours $10436 Estimated Direct Labor Hours $11198
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Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor)...
Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information (Click the icon to view the information) Read the requirements Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2020. (Enter your answer as a number (not as a percentage] rounded to two decimal places, X.XX.) Actual manufacturing overhead rate Budgeted...
Quick Step Company is debating the use of direct labor cost or direct labor hours as...
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Nadal Company is debating the use of direct labor cost or direct labor hours as the...
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Quick Step Company is debating the use of direct labor cost or direct labor hours as...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,200 $466,000 $425,100 $350.800 250,300 232,600 If Quick Step Company uses direct labor hours as the allocation base, what would the allocated...
Dearborn Corp. allocates overhead to production on the basis of direct labor costs. At the beginning...
Dearborn Corp. allocates overhead to production on the basis of direct labor costs. At the beginning of the year Dearborn estimated Costs to be: Estimated total overhead 375,000 Direct materials 525,000 Direct labor 250,000 Estimated Total Costs 1,150,000 12 Calculate the Prie-determined Overhead rate estimated overhead 14 Overhead 15 Direct labor 19 All product that was produced was sold. Determine the amount of overhead to be allocated to Cost of Good Sold given these actual costs: Total Overhead 435,000 Direct...
Hunter, Inc. uses a job order costing system. The company's executives estimated that direct labor would...
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Alles Company uses a job costing system that applies factory overhead on the basis of direct...
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proce February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials overhead applied Job Number B10 044 G15 $34,000 ? $10,000 42,000 61,000 ? 2 20,750 6,000 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed...
Question 1 2 pts John's Boats uses job costing. They use direct labor DOLLARS (costs) as a basis for allocating overhead costs to jobs. Given the following information, calculate Johns's predetermined overhead rate. Remember that if your numerator and denominator are both dollars, your overhead rate will be a percentage. So be sure to convert your numerical answer to a percentage, rounded to one decimal place. For example, if your answer after dividing your figures is 4.593, multiply that by...
Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information (Click the icon to view the information) Read the requirements Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2020. (Enter your answer as a number (not as a percentage] rounded to two decimal places, X.XX.) Actual manufacturing overhead rate Budgeted...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,100 $465,100 $425,300 $350,700 250,200 232,800 If Quick Step Company uses direct labor hours as the allocation base, what would the predetermined...
Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Actual direct labor hours Estimated direct labor hours Actual manufacturing overhead costs Estimated manufacturing overhead costs Actual direct labor cost Estimated direct labor cost 232,500 250,300 $363,500 $401,900 $465,800 $500,700 If Nadal Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,200 $466,000 $425,100 $350.800 250,300 232,600 If Quick Step Company uses direct labor hours as the allocation base, what would the allocated...
Dearborn Corp. allocates overhead to production on the basis of direct labor costs. At the beginning of the year Dearborn estimated Costs to be: Estimated total overhead 375,000 Direct materials 525,000 Direct labor 250,000 Estimated Total Costs 1,150,000 12 Calculate the Prie-determined Overhead rate estimated overhead 14 Overhead 15 Direct labor 19 All product that was produced was sold. Determine the amount of overhead to be allocated to Cost of Good Sold given these actual costs: Total Overhead 435,000 Direct...
Hunter, Inc. uses a job order costing system. The company's executives estimated that direct labor would be $1,500,000 (150,000 hours at $15/hour) and that estimated factory overhead would be $3,000,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,800,000 of actual overhead costs. Using direct labor dollars as a base, what was the predetermined overhead rate? HTML Editor y В І U A А IX...
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proce February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials overhead applied Job Number B10 044 G15 $34,000 ? $10,000 42,000 61,000 ? 2 20,750 6,000 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed...
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