Homework Answers
| As HOMEWORKLIB RULES's policy I can answer only the 1st question. For answers of other question please post the questions separately : |
| Answer : Option d. None of the above |
| Explanation : Formula for pre-determined overhead is : Estimated overhead divided by estimated allocation base |
| If you have any doubt then please ask |
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2. The formula for pre-determined overhead rate is: a. Estimated allocation base divided by estimated overhead...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg direct labor hours) Actual overhead cost divided by estimated allocation base (eg direct labor hours) Estimated overhead Costs divided by actual allocation base (eg actual direct labor hours) actual overhead costs divided by actual allocation base (eg actual direct labor hours) Do not cost their services using job costing techniques True O False The beginning in Finished Goods Inventory is $50,000, the ending balance...
The formula for computing the predetermined overhead rate is: Predetermined overhead rate = Estimated total manufacturing...
The formula for computing the predetermined overhead rate is: Predetermined overhead rate = Estimated total manufacturing overhead cost + Estimated total amount of the allocation base True False Thach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours fixed manufacturing overhead cost of $665,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine Number of units in the job Total machine hours Direct materials Direct labor cost $ 2,880 The unit product...
Estimated Estimated total mot cost total allocation pre determined overhead rate : 35. ARM Inc. is...
Estimated Estimated total mot cost total allocation pre determined overhead rate : 35. ARM Inc. is a manufacturing company that commutes its predetermined overhead rate based on direct labore cost. The Work in Process account has a balance of $10,220 at the end of 2019. There were two jobs in process at the end of 2019: Job #150 and Job #151. The job cost sheet for Job #150 contains $1,600 for direct materials and $1,400 for direct labor. The job...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here Estimated...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost ? Manufacturing overhead cost applied to Work in Process during the...
12. Which of the following statements is (are) false? (I) The selection of an allocation base in the direct method...
12. Which of the following statements is (are) false? (I) The selection of an allocation base in the direct method is easier than the selection of an allocation base in the step method. (Il) One reason to allocate service department costs to user departments is to encourage the user departments to monitor their use of the service department costs. A. Only I is false. B. Only II is false. C. Both I and II are false. D. Neither I nor...
Manufacturing Overhead Allocation Rate
Andrews Company manufactures blenders, offering its customers two model options – a basic model and a deluxe model. Each model of blender goes through the same two-step production process – it is assembled in the Assembly Department and packaged for sale in the Packaging Department. For the month that is about begin, Andrews Company is estimating manufacturing overhead costs of $680,000 in the Assembly Department and $270,000 in the Packaging Department. The company also estimates the following usage of direct...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Estimated...
please answer this question fully Amberjack Company is trying to decide on an allocation base to...
please answer this question fully Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg direct labor hours) Actual overhead cost divided by estimated allocation base (eg direct labor hours) Estimated overhead Costs divided by actual allocation base (eg actual direct labor hours) actual overhead costs divided by actual allocation base (eg actual direct labor hours) Do not cost their services using job costing techniques True O False The beginning in Finished Goods Inventory is $50,000, the ending balance...
The formula for computing the predetermined overhead rate is: Predetermined overhead rate = Estimated total manufacturing overhead cost + Estimated total amount of the allocation base True False Thach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours fixed manufacturing overhead cost of $665,000, variable manufacturing overhead of $3.00 per machine-hour, and 70,000 machine Number of units in the job Total machine hours Direct materials Direct labor cost $ 2,880 The unit product...
Estimated Estimated total mot cost total allocation pre determined overhead rate : 35. ARM Inc. is a manufacturing company that commutes its predetermined overhead rate based on direct labore cost. The Work in Process account has a balance of $10,220 at the end of 2019. There were two jobs in process at the end of 2019: Job #150 and Job #151. The job cost sheet for Job #150 contains $1,600 for direct materials and $1,400 for direct labor. The job...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here Estimated...
12. Which of the following statements is (are) false? (I) The selection of an allocation base in the direct method is easier than the selection of an allocation base in the step method. (Il) One reason to allocate service department costs to user departments is to encourage the user departments to monitor their use of the service department costs. A. Only I is false. B. Only II is false. C. Both I and II are false. D. Neither I nor...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
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