Homework Answers
Given Direct Material and Direct labor of 78,000 & 62,000 respectively.
Overheads are to be calculated based on the direct material.
Given predetermined overhead rate is 161% of direct material.
Direct material = 78,000
Overheads = 78,000*161% = 125,580.
So, option 3 is correct.
Option 1,2,4 and 5 are incorrect.
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Lowden Company has an overhead application rate of 161% and allocates overhead based on direct material cost. During the current period, direct labor cost is $62,000 and direct materials used cost $78,000. Determine the amount of overhead Lowden Company should record in the current period. Multiple Choice Ο $62,000. Ο $48,447. Ο $38,509. Ο $78,000. Ο $125,580.
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Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material...
Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct material cost is $50,000 and direct labor cost $80,000. Determine the amount of overhead Lowden Company should record in the current period. Select one: A. $208,000. B. $80,000 C. $31,250. o D. $50,000 0 E. $128,000.
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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 30,700 $337, 700 $ 4.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units in the job Total machine-hours Direct materials Direct labor cost 20 $ 575 $1,150 The amount of overhead...
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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
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