Homework Answers
1.
| Estimated overhead cost | / | Estimated direct labor hours | = | Predetermined overhead allocation rate |
| 799,000 | / | 340,000 | = | $2.35 per direct labor hours |
2.
| Actual direct labor hours used | x | Predetermined overhead allocation rate | = | Allocated manufacturing overhead costs |
| 5,000 | x | 2.35 | = | $11,750 |
The overhead allocated cost in October is $11,750.
Kindly comment if you need further assistance.
Thanks‼!
Add Answer to:
The Ortman Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead...
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead...
The Oswell Company manufactures products in two departments:
Mixing and Packaging. The company allocates manufacturing overhead
using a single plantwide rate with direct labor hours as the
allocation base. Estimated overhead costs for the year are
$869,500, and estimated direct labor hours are 370,000. In
October, the company incurred 550,000 direct labor hours.
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the...
the ordon company manufactures products in two departments: mixing and packaging. the company allocates manufacuturing overhead...
the ordon company manufactures products in two departments: mixing and packaging. the company allocates manufacuturing overhead using a single plantwide rate with direct labor hours as the allocation base. estimated overhead costs for the year are $814,000,and estimated direct labor hours are 370,000. in october, the company incurred 55,000 direct labor hours. requirements 1. compute the predetermined overhead allocation rate.2.determine the amount of overhead allocated in october.#1.begin by selecting the formula to calculate the predetermined overhead allocation rate. thenenter to...
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company was allocating manufacturing...
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.35 with direct labor hours as the allocation base. The company has refined its allocation system by separating manufacturing overhead costs into two post pools one for each department. The estimated costs for the Mixing Department, $598,500, will be allocated based on direct labor hours, and the estimated direct labor hours for the year are 190,000. The...
The Santos Shirt Company manufactures shirts in two departments Cutting and Sewing. The company allocates man...
The Santos Shirt Company manufactures shirts in two departments Cutting and Sewing. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $500,000, and estimated direct labor hours are 200,000. In June, the company incurred 17,500 direct labor hours. 1. Compute the predetermined overhead allocation rate. ! 2. Determine the amount of overhead allocated in June. The Santos Shirt Company has refined its allocation system...
Southwick Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs...
Southwick Products manufactures its products in two separate
departments: Machining and Assembly. Total manufacturing overhead
costs for the year are budgeted at $1,100,000. Of this amount, the
Machining Department incurs $680,000 (primarily for machine
operation and depreciation) while the Assembly Department incurs
$420,000. The company estimates that it will incur 10,000 machine
hours (all in the Machining Department) and 22,000 direct labor
hours 8,000 in the Machining Department and 14,000 in the Assembly
Department) during the year.
Southwick Products currently...
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs...
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs $630,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000. The company estimates that it will incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) during the year. Perreth Products currently...
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly...
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N.60 Testing Packaging Assembly $ 340 Direet materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? 2. If Job N-60 consists of 10 units, what is the...
Fletcher, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have...
Fletcher, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup, insertion of parts, and finishing. The budgeted activity costs for 2018 and their allocation bases are asfollows: Activity Total Budgeted Cost Allocation Base Materials handling $3,000 Number of parts Machine setup 3,000 Number of setups Insertion of parts 52,000 Number of parts Finishing 72,000 Finishing direct labor hours Total $130,000 Fletcher expects to produce 500 chrome...
Bella, Inc. manufactures two kinds of bags; totes and satchels. The company allocates manufacturing overhead using...
Bella, Inc. manufactures two kinds of bags; totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $25,250. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $33 $45 Direct labor cost per unit $50 $65 Number of units 500 390 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.)
expected data starts with parts per rim standard | deluxe Elton Company manufactures wheel rims. The...
expected data starts with parts per rim standard | deluxe
Elton Company manufactures wheel rims. The controller expects the following The company expects to produce 500 units of each model during the year. ABC allocation rates for 2018: (Click the icon to view the allocation rates.) Read the requirements. Elton produces two wheel rim models: standard and deluxe. Expected data for 2018 are as follows: (Click the icon to view the expected data.) Requirement 1. Compute the total estimated indirect...
The Oswell Company manufactures products in two departments:
Mixing and Packaging. The company allocates manufacturing overhead
using a single plantwide rate with direct labor hours as the
allocation base. Estimated overhead costs for the year are
$869,500, and estimated direct labor hours are 370,000. In
October, the company incurred 550,000 direct labor hours.
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the...
The Oswell Company manufactures products in two departments: Mixing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.35 with direct labor hours as the allocation base. The company has refined its allocation system by separating manufacturing overhead costs into two post pools one for each department. The estimated costs for the Mixing Department, $598,500, will be allocated based on direct labor hours, and the estimated direct labor hours for the year are 190,000. The...
The Santos Shirt Company manufactures shirts in two departments Cutting and Sewing. The company allocates manufacturing overhead using a single plantwide rate with direct labor hours as the allocation base. Estimated overhead costs for the year are $500,000, and estimated direct labor hours are 200,000. In June, the company incurred 17,500 direct labor hours. 1. Compute the predetermined overhead allocation rate. ! 2. Determine the amount of overhead allocated in June. The Santos Shirt Company has refined its allocation system...
Southwick Products manufactures its products in two separate
departments: Machining and Assembly. Total manufacturing overhead
costs for the year are budgeted at $1,100,000. Of this amount, the
Machining Department incurs $680,000 (primarily for machine
operation and depreciation) while the Assembly Department incurs
$420,000. The company estimates that it will incur 10,000 machine
hours (all in the Machining Department) and 22,000 direct labor
hours 8,000 in the Machining Department and 14,000 in the Assembly
Department) during the year.
Southwick Products currently...
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs $630,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000. The company estimates that it will incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) during the year. Perreth Products currently...
Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N.60 Testing Packaging Assembly $ 340 Direet materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? 2. If Job N-60 consists of 10 units, what is the...
expected data starts with parts per rim standard | deluxe
Elton Company manufactures wheel rims. The controller expects the following The company expects to produce 500 units of each model during the year. ABC allocation rates for 2018: (Click the icon to view the allocation rates.) Read the requirements. Elton produces two wheel rim models: standard and deluxe. Expected data for 2018 are as follows: (Click the icon to view the expected data.) Requirement 1. Compute the total estimated indirect...
Most questions answered within 3 hours.
-
Convert the high level language programming statementts to 80x86
assembly, Assume X=AX and y=BX
for (i=1;...
asked 6 minutes ago -
SoleMate’s Burkins sneakers cost $40 per pair from the supplier
and are sold by SoleMate at...
asked 10 minutes ago -
The movie Moneyball (based on the book by Michael
Lewis) tells the story of Billy Beane,...
asked 9 minutes ago -
A regional highway uses 8 tollbooths that are open to all
vehicles. A chi-square goodness-of-fit test...
asked 12 minutes ago -
In her Semiannual Monetary Policy Report to Congress on July 13,
2017, then Federal Reserve Chair...
asked 12 minutes ago -
Suppose N packets are sent,
and each packet arrives at rate of L/2R to a link....
asked 31 minutes ago -
17. Show the steps involved in reduction of the ketone in fatty
acid synthesis. Which cofactor...
asked 32 minutes ago -
5.61 g of octane, C8H18, reacts with excess oxygen in a bomb
calorimeter. The heat capacity...
asked 36 minutes ago -
The velocity field of a flow is given by V = (2+1) x
y2 i +...
asked 45 minutes ago -
(EPS with
Convertible Bonds) On June 1, 2012, Bluhm Company and
Amanar Company merged to form...
asked 43 minutes ago -
2. Discuss why the study exemplifies one that agrees with The
American Psychological Association’s (APA) Ethical...
asked 47 minutes ago -
Without considering the following capital gains and losses,
Charlene, who is single, has a taxable income...
asked 54 minutes ago