predetermined overheard rate are calculated ?
predetermined overheard rate are calculated ?
Homework Answers
Ans: Predetermined overhead rate is calculated based on the factors like machine hours or labor hours etc.,
in order to calculated overhead rate.
Step 1: Calculated total overhead cost based on labor hours or machine hours which ever factor is considered
Step 2: Determine total direct labor hours or machine hours
Step 3: Overhead rate = Total overhead cost determined in step 1 divided by total hours determined in step 3
Why is a predetermined rate not calculated for direct material and labor?
Why is a predetermined rate not calculated for direct material and labor?
CH 2 KB. The predetermined manufacturing overhead rate is calculated by multiplying the actual allocation base...
CH 2 KB. The predetermined manufacturing overhead rate is calculated by multiplying the actual allocation base factor by the estimated annual MOH multiplying the predetermined MOH rate by the actually allocation base factor dividing the annual estimated MOH by the annual estimated MOH allocation base multiplying the predetermined MOH rate by the actual allocation base
The predetermined overhead rate is usually calculated Oa. at the beginning of each month. Ob. at...
The predetermined overhead rate is usually calculated Oa. at the beginning of each month. Ob. at the end of each month. Oc. at the end of the year. Od. at the beginning of the year Recelving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving? Da. $4.50 per receiving hour Ob. $4 per recelving hour Oc. $5 per receiving hour Od. $14 per receiving hour Oe. Cannot be determined from this information. Previc
Sheffield’s Manufacturing calculated its predetermined overhead rate to be 200% of direct materials costs. For the...
Sheffield’s Manufacturing calculated its predetermined overhead
rate to be 200% of direct materials costs. For the month of July,
the company incurred $119100 of raw material costs, of which $90500
were direct materials, and $30000 were indirect materials. Actual
overhead incurred was $175400. What would be the debit entry to the
Work in Process Inventory account for July with respect to
manufacturing overhead?
$175400
$181000
$238200
$zero, the account should be credited
Sheffield’s Manufacturing calculated its predetermined overhead rate to be 200% of direct materials costs. For the...
Sheffield’s Manufacturing calculated its predetermined overhead
rate to be 200% of direct materials costs. For the month of July,
the company incurred $119100 of raw material costs, of which $90500
were direct materials, and $30000 were indirect materials. Actual
overhead incurred was $175400. What would be the debit entry to the
Work in Process Inventory account for July with respect to
manufacturing overhead?
$175400
$181000
$238200
$zero, the account should be credited
VES Conrad Company calculated a predetermined manufacturing overhead rate of $20 per direct labor hour. During...
VES Conrad Company calculated a predetermined manufacturing overhead rate of $20 per direct labor hour. During the year, Conrad actually incurred 290,000 in total manufacturing overhead and used 10,000 direct labor hours. Determine the amount of over or under allocated overhead for the year. (Hint: You must first calculate the amount of allocated overhead during the year.) If UNDERALLOCATED, enter your answer as a negative (example: -34,000) Do not use $ in your answer.
Predetermined overhead rates are calculated using applied amounts actual amounts estimated or budgeted amounts
Predetermined overhead rates are calculated using applied amounts actual amounts estimated or budgeted amounts
1. a.) Give an example of how to calculate a predetermined overhead rate. b.) Using the...
1. a.) Give an example of how to calculate a predetermined overhead rate. b.) Using the calculated POHR in Q#1 above, show how to compute the total unit cost of a product, including direct material and direct labor. 2. Give an example of how to compute the total cost for a job using a plantwide predetermined overhead rate. Using the example of total job cost computed above, show how to compute the unit cost of a product.
Why are predetermined overhead rates calculated and used to estimate manufacturing overhead instead of using actual...
Why are predetermined overhead rates calculated and used to estimate manufacturing overhead instead of using actual overhead amounts?
We make GPS units. Our predetermined OH rate for 2008 is $28 / DLH, calculated from...
We make GPS units. Our predetermined OH rate for 2008 is $28 / DLH, calculated from the following budgeted 2008 data: Variable MOH = $180,000 per year, Fixed MOH = $380,000 per year, DLH's 20,000. We are considering a special order for 200 GPS units at $122 each. The normal selling price of our GPS units is $149. The unit product costs are: Direct Materials: $67.00 $32.00 Direct Labor: MOH applied: $42.00 If the special order were accepted, there would...
Why is a predetermined rate not calculated for direct material and labor?
CH 2 KB. The predetermined manufacturing overhead rate is calculated by multiplying the actual allocation base factor by the estimated annual MOH multiplying the predetermined MOH rate by the actually allocation base factor dividing the annual estimated MOH by the annual estimated MOH allocation base multiplying the predetermined MOH rate by the actual allocation base
The predetermined overhead rate is usually calculated Oa. at the beginning of each month. Ob. at the end of each month. Oc. at the end of the year. Od. at the beginning of the year Recelving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving? Da. $4.50 per receiving hour Ob. $4 per recelving hour Oc. $5 per receiving hour Od. $14 per receiving hour Oe. Cannot be determined from this information. Previc
Sheffield’s Manufacturing calculated its predetermined overhead
rate to be 200% of direct materials costs. For the month of July,
the company incurred $119100 of raw material costs, of which $90500
were direct materials, and $30000 were indirect materials. Actual
overhead incurred was $175400. What would be the debit entry to the
Work in Process Inventory account for July with respect to
manufacturing overhead?
$175400
$181000
$238200
$zero, the account should be credited
Sheffield’s Manufacturing calculated its predetermined overhead
rate to be 200% of direct materials costs. For the month of July,
the company incurred $119100 of raw material costs, of which $90500
were direct materials, and $30000 were indirect materials. Actual
overhead incurred was $175400. What would be the debit entry to the
Work in Process Inventory account for July with respect to
manufacturing overhead?
$175400
$181000
$238200
$zero, the account should be credited
VES Conrad Company calculated a predetermined manufacturing overhead rate of $20 per direct labor hour. During the year, Conrad actually incurred 290,000 in total manufacturing overhead and used 10,000 direct labor hours. Determine the amount of over or under allocated overhead for the year. (Hint: You must first calculate the amount of allocated overhead during the year.) If UNDERALLOCATED, enter your answer as a negative (example: -34,000) Do not use $ in your answer.
We make GPS units. Our predetermined OH rate for 2008 is $28 / DLH, calculated from the following budgeted 2008 data: Variable MOH = $180,000 per year, Fixed MOH = $380,000 per year, DLH's 20,000. We are considering a special order for 200 GPS units at $122 each. The normal selling price of our GPS units is $149. The unit product costs are: Direct Materials: $67.00 $32.00 Direct Labor: MOH applied: $42.00 If the special order were accepted, there would...
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