Answer:
1.)
dep A = manufacturing overhead * 100 / direct labour cost
= 90000 * 100 / 60000
= 150 %
dep B = manufacturing overhead / machine hour
= 45000 / 15000
= 3 per machine
hences = 150 % and 3.00
2.)
Estimated total manufacturing overhead for casting department = 105400+(17000*1.7)= $134,300
The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa$ manufacturing overhead underapplied or overapplied for the Select one: a. $2,250 underapplied b. $2,250 overapplied С. $15,000 underapplied d. $15,000 overapplied At the...
The Corporation has two production departments, Casting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting Finishing Machine-hours 17,000 7,000 Direct labor-hours 2,000 15,000 Total fixed manufacturing overhead cost $ 105,400 $ 52,800...
Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting 23,000 16,000 $105,800 $ 1.70 Customizing 23,000 2,000 $ 8, 600 Machine-hours Direct labor-hours Total fixed manufacturing...
Garza Corporation has two production departments. Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting 26,000 20,000 $119,600 $ 1.50 Customizing 29,000 4,000 $12,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost...
Swango Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct...
Odonnel Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $36,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 10,000 direct labor-hours. The predetermined overhead rate is closest to: Multiple Choice $6.40 per direct labor-hour $9.20 per direct labor-hour $2.80 per direct labor-hour o $3.60 per direct labor-hour o Deloria Corporation has two...
Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting 20,000 1,000 $152,000 $ 2.10 Customizing 13,000 7,000 $68, 600 Machine-hours Direct labor-hours Total fixed manufacturing overhead...
Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Forming 19,000 4,000 $129,200 $ 1.60 Assembly 15,000 8,000 $77,600 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost...
Petty Corporation has two production departments, Milling and Finishing. The company uses a Job-order costing system and computes a predetermined overhead rate in each production department. The Milling Depart predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the fo estimates: Milling 20,000 2,000 $148,000 $ 1.90 Finishing 14,000 8,000 $88,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost...
help The Watts Company uses predetermined overhead rates to y manufacturing overhead to jobs the predetermined overhead rate is based on labor cost in Dept A and on machine hours in Dept. 8. At the beginning of the year, the company made the following estimates: Dept. A Dept. B Direct Labor Cost $30,000 $40,000 Manufacturing Overhead 60.000 50,000 Direct Labor Hours 6,000 8.000 Machine Hours 10,000 2,000 What predetermined overhead rates would be used in Dept. A and Dept. 8....