Homework Answers
Predetermined Overhead rate= Predetermined Overhead / Machine Hours
=1069600/19100
= $ 56 per hour
Actual Overhead = 153,682
Overhead Applied = Predetermined Overhead rate * machine hours for April
= $ 56 per hour * 2,680 Hours
= $ 150,080
Since the overhead applied is less than the actual overhead, the overhead is under applied.
under applied overhead = $ 153682-150080
= $ 3602
Answer : $ 3602 , Underapplied
Add Answer to:
Cavy Company estimates that the factory overhead for the following year will be $1,069,600. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,102,300. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,102,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 15,100 hours. The machine hours for the month of April for all of the jobs were 4,700. If the actual factory overhead for April totaled $335,895, determine the over- or underapplied amount for the month. Enter the amount as a positive number. $
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The...
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 20,900 hours. The machine hours for the month of April for all of the jobs were 5,620. If the actual factory overhead for April totaled $313,613, determine the over- or underapplied amount for the month. Enter the amount as a positive number
Calculator Cavy Company estimates that the factory overhead for the following year will be $986,400. The...
Calculator Cavy Company estimates that the factory overhead for the following year will be $986,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 41,100 hours. The machine hours for the month of April for all of the jobs were 4,400. Journalize the entry to record the factory overhead applied in April 18 an amount box does not require an entry, leave it blank. Cost of Goods Sold Factory...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $592,100. The company...
Cavy Company estimates that the factory overhead for the following year will be $592,100. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 19,100 hours. Compute the predetermined overhead rate to apply factory overhead. $ per machine hour
Winston Company estimates that the factory overhead for the following year will be $938,000. The company...
Winston Company estimates that the factory overhead for the following year will be $938,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 26,800 hours. The total machine hours for the year were 54,000. The actual factory overhead for the year was $1,879,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. $ b. Compute the over- or underapplied amount for the year. Enter the...
The Cavy Company estimates that the factory overhead for the following year will be $1,548,300. The...
The Cavy Company estimates that the factory overhead for the following year will be $1,548,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,700 hours Calculate the predetermined overhead rate apply factory overhead. Round your answer to the nearest cent. per machine hour
Winston Company estimates that the factory overhead for the following year will be $708,000. The company...
Winston Company estimates that the factory overhead for the following year will be $708,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 35,400 hours. The total machine hours for the year were 54,900 hours. The actual factory overhead for the year was $1,113,000. Enter the amount as a positive number, a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year....
Winston Company estimates that the factory overhead for the following year will be $834,000. The company has decided th...
Winston Company estimates that the factory overhead for the following year will be $834,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 27,800 hours. The total machine hours for the year were 54,400 hours. The actual factory overhead for the year was $1,655,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year....
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 20,900 hours. The machine hours for the month of April for all of the jobs were 5,620. If the actual factory overhead for April totaled $313,613, determine the over- or underapplied amount for the month. Enter the amount as a positive number
Calculator Cavy Company estimates that the factory overhead for the following year will be $986,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 41,100 hours. The machine hours for the month of April for all of the jobs were 4,400. Journalize the entry to record the factory overhead applied in April 18 an amount box does not require an entry, leave it blank. Cost of Goods Sold Factory...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
The Cavy Company estimates that the factory overhead for the following year will be $1,548,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,700 hours Calculate the predetermined overhead rate apply factory overhead. Round your answer to the nearest cent. per machine hour
Winston Company estimates that the factory overhead for the following year will be $708,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 35,400 hours. The total machine hours for the year were 54,900 hours. The actual factory overhead for the year was $1,113,000. Enter the amount as a positive number, a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year....
Winston Company estimates that the factory overhead for the following year will be $834,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 27,800 hours. The total machine hours for the year were 54,400 hours. The actual factory overhead for the year was $1,655,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year....
Most questions answered within 3 hours.
-
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 33 minutes ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 38 minutes ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 1 hour ago -
At a local university, you poll a group of 115 students and find
that 37 of...
asked 48 minutes ago -
Gladstone company tracks the number of units purchased and sold
throughout each accounting period but applies...
asked 51 minutes ago -
When determining if a molecule's configuration is E or Z, what
determines the higher priority groups?
asked 55 minutes ago -
13. What is the amount
of conversion cost transferred to finished goods? (Round
your intermediate calculations...
asked 57 minutes ago -
Sulfuric Acid is a "strong" acid, but only releases a single
proton when it dissolves. What...
asked 56 minutes ago -
The
second floor of a house is 6 m above the street level. How much
work...
asked 58 minutes ago -
What uncontrollable factor(s) contributed to Hong Kong Disney’s
poor performance during its first year?
asked 1 hour ago -
You are interested in whether students that have a male
instructors perform differently on exams. To...
asked 1 hour ago -
Discuss the following: The policies that promote economic
growth. Why are some countries more developed than...
asked 1 hour ago