Total actual overhead = $115,800
Total actual machine hours = 8,250 + 6,600 + 9,900 + 8,250 = 33,000
Jobs comprising in FG = Job 17, 18 and 19
Total actual machine hours for job 17, 18 and 19 = 8,250 + 6,600 + 9,900 = 24,750
Actual overhead in FG = ($115,800 / 33,000) * 24,750 = $86,850
1) XYZ CORP HAS THE FOLLOWING DATA: $112,000 32,000 BUDGETED OVERHEAD BUDGETED MACHINE HOURS (DRIVER) ACTUAL...
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows: Job 10: 10,4000 Job 11: 7,800 Job 12: 18,200 Job 13: 15,600 Jobs 10, 11 & 12 were finished. Job 10 was sold. Assume actual total overhead = $392,000. What is actual overhead in finished goods?
1) TEX CORP HAS THE FOLLOWING BUDGETED DATA: MFG OVERHEAD $380,000 MACH HRS(DRIVER) 50,000 ACTUAL MACH HRS ARE AS FOLLOWS: JOB 10 10,400 JOB 11 7,800 JOB 12 18,200 JOB 13 15,600 JOB 10,11&12 WERE FINISHED. JOB 10 WAS SOLD. WHAT IS OVERHEAD APPLIED IN COGS? REFER TO QUESTION 1. ASSUME ACTUAL TOTAL OVERHEAD = $392,000. WHAT IS ACTUAL OVERHEAD IN FINISHED GOODS? ACTUAL OVERHEAD FINISHED GOODS?
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows: Job 10: 10,4000 Job 11: 7,800 Job 12: 18,200 Job 13: 15,600 Jobs 10, 11 & 12 were finished. Job 10 was sold. What is overhead applied in COGS?
4) VAL CORP USED 7,700 MACHINE HOURS (DRIVER) ON JOB # 17. TOTAL MACHINE HOURS = 22,000. ASSUME JOB # 17 IS THE ONLY JOB SOLD DURING THE ACCOUNTING PERIOD. WHAT IS OVERHEAD APPLIED IN COGS IF TOTAL OVERHEAD APPLIED = $141,900? OVERHEAD APPLIED IN COGS BONUS (1 POINT) PDOHR
Application of Overhead Budgeted Total Manufacturing Overhead for 2020 =$400,000 Budgeted Total Machine hours for 2020=50,000 POHR= ? Actual Use of Machine Hours for Two jobs were as follows: Job #1 machine hours-1600 hours Job #2 machine hours-1000 hours Total machine hours=? What is the Manufacturing Overhead Applied for each job? What is the Total Manufacturing Overhead Applied? Show ALL work
manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 1. Calculate the budgeted manufacturing overhead rate. 2 Calculate the manufacturing overhead allocated during 2017 3. Calculate the amount of under-or overallocated manufacturing overhead. Why do Taylor's managers need to calculate this amount? 4-25 Job costing, accounting for manufacturing overhead, budgeted rates. The Matthew Company uses Seormal job-costing system at its Minneapolis plant. The plant has a machining department and an assem- bly department. Its job-costing system has two direct-cost categories (direct materials...
Pinacle Corp. budgeted $240,550 of overhead cost for the current year. Actual overhead costs for the year were $215,420. Pinacle's plantwide allocation base, machine hours, was budgeted at 53,640 hours. Actual machine hours were 55,160. A total of 96,670 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a. $4.48 per machine hour b. $4.02 per machine hour c. $2.23 per machine hour d. $2.49 per machine...
Pinacle Corp. budgeted $218,870 of overhead cost for the current year. Actual overhead costs for the year were $202,840. Pinacle's plantwide allocation base, machine hours, was budgeted at 46,230 hours. Actual machine hours were 48,160. A total of 105,910 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: O a $4.73 per machine hour Ob. $2.07 per machine hour Oc. $4.39 per machine hour Od. $1.92 per...
Asper Corporation has provided the following data for February. Denominator level of activity 9,700 machine-hours Budgeted fixed manufacturing overhead costs $ 288,420 Fixed component of the predetermined overhead rate $ 36.60 per machine-hour Actual level of activity 9,900 machine-hours Standard machine-hours allowed for the actual output 10,200 machine-hours Actual fixed manufacturing overhead costs $ 279,960 The budget variance for February is:
Leaves Corporation applies manufacturing overhead based on machine hours. Budgeted overhead was $820,000 with an estimated 40,000 machine hours. Actual costs included production costs related to direct materials of $225,000, direct labor of $315,000, and manufacturing overhead of $850,000. The manufacturing overhead total does not include sales commissions of $28,500. In addition, 20 jobs were sold during the year at a total cost of $3,200,000. Customers purchased these goods for $3,750,000. Actual machine hours worked totaled 41,600. Required: A. Determine...