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Determine and Use Overhead Rate Oxford Consulting, Inc., expects the following costs and expenses during the...
Determine and Use Overhead Rate Cortez Consulting, Inc., expects the following costs and expenses during the...
Determine and Use Overhead Rate Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@ $22.50/hr.) $81,000 Sales commissions 18,500 Overhead 72,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $Answer: b. Prepare a general journal entry to apply overhead during an interim period when 750 direct labor hours were worked. General Journal Description Debit Credit Answer Choices:Consulting overhead/Cost of goods...
Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.)...
Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.) $486,000 Sales commissions 111,000 Overhead 432,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $ b. Prepare a general journal entry to apply overhead during an interim period when 4,500 direct labor hours were worked. General Journal Description Debit Credit c. What amount of overhead would be assigned to Job 466,...
please help asap Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester...
please help asap
Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc, anticipates the following costs, expenses, and operating data: Direct material(15.000 Director 512 120.000 Indirect material 7000 Indrea labor Sales commissions 18.000 Factory administration 1300 Non factory administrative expenses 1400 Other manufacturing overhead 28.000 Machine hours are 30 000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2)...
homework help i need to learn this for my exam Calculate and Use Manufacturing Overhead Rate...
homework help i need to learn this for my exam
Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (15,000 lb.) $45.000 Direct labor(512/hr.) 96,000 Indirect material 7,000 Indirect labor 12.000 Sales commissions 18.000 Factory administration 13.000 Non factory administrative expenses 14,000 Other manufacturing overhead 28.000 "Machine hours are 30,000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating date related to Job 128: Direct material (15,000 lb.) Direct labor (@ $12 per hour) $45,000 $96,000 Indirect material $7,000 Indirect labor $12,000 Sales commissions $18,000 Factory administration $13,000 Non-factory administration expenses $14,000 Other manufacturing overhead * $28,000 *Machine hours are 30,000. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application...
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow:...
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: Estimated consulting overhead cost for the year Estimated direct labor cost for the year (@ $9/hr.) Actual manufacturing overhead cost for January Actual direct labor cost for January (1,200 hours) $360,000 180,000 19,500 11,000 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. 0 % b. Prepare a journal entry that applies consulting overhead for...
please answer part B. Current Attempt in Progress Frinut Company estimates the following overhead costs for...
please answer part B.
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Your answer has been saved. See score details after the due date. Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places,...
Exercise A: Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting,...
Exercise A: Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc., follow: $405,000 Estimated consulting overhead cost for the year Estimated direct labor cost for the year (@ $9 per hour) Actual manufacturing overhead cost for May Actual direct labor for May (2,400 hours) $324,000 $26,000 $22,000 Assume that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. b. Calculate the applied overhead for May. c. By...
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow:...
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: Estimated consulting overhead cost for the year $810,000 Estimated direct labor cost for the year (@ $9/hr.) 450,000 Actual manufacturing overhead cost for January 48,000 Actual direct labor cost for January (1,200 hours) 33,000 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. _________% b. Prepare a journal entry that applies consulting overhead for January....
Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc., follow:...
Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc., follow: Estimated consulting overhead cost for the year $1,215,000 Estimated direct labor cost for the year (@ $9/hr.) 810,000 Actual manufacturing overhead cost for May 78,000 Actual direct labor cost forMay (2,400 hours) 66,000 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. Answer% b. Prepare a journal entry that applies consulting overhead for May. General...
Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@$41/hr.) $486,000 Sales commissions 111,000 Overhead 432,000 a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places, if applicable. $ b. Prepare a general journal entry to apply overhead during an interim period when 4,500 direct labor hours were worked. General Journal Description Debit Credit c. What amount of overhead would be assigned to Job 466,...
please help asap
Support Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc, anticipates the following costs, expenses, and operating data: Direct material(15.000 Director 512 120.000 Indirect material 7000 Indrea labor Sales commissions 18.000 Factory administration 1300 Non factory administrative expenses 1400 Other manufacturing overhead 28.000 Machine hours are 30 000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2)...
homework help i need to learn this for my exam
Calculate and Use Manufacturing Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (15,000 lb.) $45.000 Direct labor(512/hr.) 96,000 Indirect material 7,000 Indirect labor 12.000 Sales commissions 18.000 Factory administration 13.000 Non factory administrative expenses 14,000 Other manufacturing overhead 28.000 "Machine hours are 30,000 hours a. Calculate the predetermined manufacturing overhead rate for the coming year for each of...
Exercise B: Calculate and Use Overhead Rate During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating date related to Job 128: Direct material (15,000 lb.) Direct labor (@ $12 per hour) $45,000 $96,000 Indirect material $7,000 Indirect labor $12,000 Sales commissions $18,000 Factory administration $13,000 Non-factory administration expenses $14,000 Other manufacturing overhead * $28,000 *Machine hours are 30,000. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application...
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: Estimated consulting overhead cost for the year Estimated direct labor cost for the year (@ $9/hr.) Actual manufacturing overhead cost for January Actual direct labor cost for January (1,200 hours) $360,000 180,000 19,500 11,000 Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. 0 % b. Prepare a journal entry that applies consulting overhead for...
please answer part B.
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Your answer has been saved. See score details after the due date. Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places,...
Exercise A: Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting, Inc., follow: $405,000 Estimated consulting overhead cost for the year Estimated direct labor cost for the year (@ $9 per hour) Actual manufacturing overhead cost for May Actual direct labor for May (2,400 hours) $324,000 $26,000 $22,000 Assume that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. b. Calculate the applied overhead for May. c. By...
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