dukes company used predetermined overhead rate of 2 dollars per direct labor. based on an estimate of 20000 direct labor hours. actual manufacturing overhead cost incurred 38000 actual direct labor hours 18500 what was the overapplied or undeapplied manufacturing for the year. what was the under or over applied overhead for the year.
dukes company used predetermined overhead rate of 2 dollars per direct labor. based on an estimate...
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were! Actual manufacturing overhead cost incurred Actual direct labor-hours worked $38,000 18,500 The overapplied or underapplied manufacturing for the year was: Multiple Choice $3,000 underapplied $1,000 underapplied $1,000 overapplied $3.000 overapplied
Problem 4 Saul Company used a predetermined overhead rate based on an estimate of 22,000 direct labor hours to be worked during the year and an estimated $77,000 of manufacturing overhead. Actual overhead cost and activity during the year were: Actual manufacturing overhead cost incurred $80,000 Actual direct labor hours worked 24,000 a. Compute the predetermined OH rate. b. Compute the OH applied. c. Compute the over or underapplied OH. d. Prepare the journal entry to close the OH.
12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 61,000 actual direct labor-hours and incurred $552,000 of actual manufacturing overhead cost. The company had estimated that it would work 62,000 direct labor-hours during the year and incur $465,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice overapplied by $94,500 underapplied by...
18) Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred 34,000 Actual direct labor-hours worked 127,000 The overapplied or underapplied manufacturing overhead for the year was: A) $3,000 underapplied B) $3,000 overapplied C) $12,000 underapplied D) $12,000 overapplied 19) Boursaw Corporation has provided the following data concerning last...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 60,000 actual direct labor-hours and incurred $512,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 61,600 direct labor-hours during the year and incur $437,360 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
QUESTION 3 Malcolm Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. $17,000 13,600 On September 1, the estimates for the month were: Manufacturing overhead ....... Direct labor-hours ..................................... During September, the actual results were: Manufacturing overhead .... Direct labor-hours ....... $18,500 12,000 The cost records for September will show: Overapplied overhead of $1,500 Underapplied overhead of $1,500 Overapplied overhead of $3,500 Underapplied overhead of $3,500
the steps and formula should be same for these two but found different steps applied, so please can you explain a little bit too. thanks 17) Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $38,000 Actual direct labor-hours worked 18,500 The overapplied or underapplied manufacturing for the...
1) Parsons Co. uses a predetermined overhead rate based on direct labor hours to apply MOH to jobs. Last year, Parsons incurred $250,000 in actual manufacturing overhead cost. The MOH account showed that overhead was over applied in the amount of $12,000 for the year. If the predetermined overhead rate was $8.00 per direct labor hour, how many hours were worked during the year? 31,250 hours c. 32,750 hours 30,250 hours d. 29,750 hours 2) Snappy Company has a job-order cost system and uses...