Homework Answers
Since Manufacturing overhead base is not given, i assume that for Trimming department allocation base is Direct Labor dollars and for Finishing Department is Direct Labor hours
Overhead rate
Trimming Dept = $416000 / 320000 = 130% of Direct labor cost
Finishing Dept = $260000 / 40000 = $6.50 per Direct labor hour
Overhead applied = $35400 x 130% + 5000 x $6.50 = $78,520
Answer is B. $78,520
If you have any query, kindly comment with your query and please mark thumbs up.
Add Answer to:
Estimated amounts Trimming Dept Finishing Dept Direct labor cost $ 320,000 $ 400,000 Direct labor hours...
Estimated amounts Trimming Dept Finishing Dept Direct labor cost $ 320,000 $ 400,000 Direct labor hours...
Estimated amounts Trimming Dept Finishing Dept Direct labor cost $ 320,000 $ 400,000 Direct labor hours 25,000 40,000 Manufacturing overhead costs $ 416,000 $ 260,000 Actual data for completed Job No. 650 is as follows: Actual amounts Trimming Dept Finishing Dept Direct materials requisitioned $ 22,500 $ 52,500 Direct labor cost $ 35,400 $ 37,100 Direct labor hours 5,400 5,000 If Job No. 650 consists of 500 units of product, the average unit cost of this job is closest to...
Estimated over cost department finishing: 3,000,000 assembly: 5,000,000 Direct Labor: Assembly: 100,000 Finishing: 25,000 hours Machinery...
Estimated over cost
department finishing: 3,000,000
assembly: 5,000,000
Direct Labor:
Assembly: 100,000
Finishing: 25,000 hours
Machinery
Assembly: 70,000
Finishing: 30,000 hours
Activity cost pool:
sUPERVISION: 2,000,000
Maintenance: 6,000,000
Activity:
supervision: 125,000 direct hours
Machinery: 100,000 machine hours
Chrom Co. manufactures two models, the XL and RD. It also has two departments, assembly and finishing. The company wants to assign overhead costs to its two different models to better understand the profitability of each model. The Tableau Dashboard provides data for...
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead...
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 7,300 65,000 53,100 1,500 $ 370,000 $ 599,000 $ 3.00 - - $ 3.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing 12 Direct labor-hours Machine-hours Direct materials Direct labor cost 84 $ 720...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and 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: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
Here are selected basic data for Wilson Company: Estimated manufacturing overhead Estimated labor hours Actual direct...
Here are selected basic data for Wilson Company: Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $243,750 35,000 36,000 $325,000 $320,000 $66,300 Factory utilities Indirect labor Sales commissions Factory rent Factory property taxes Indirect materials $30,400 $22,800 $54,300 $47,800 $29,100 $33,300 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs? O A. $284,000 OB. $261,200 OC. $173,600 OD. $229,700...
Uepa 120H . Direct labor hours Machine hours Overhead costs Molding Trimming 47,000 DLH 54,000 DLH...
Uepa 120H . Direct labor hours Machine hours Overhead costs Molding Trimming 47,000 DLH 54,000 DLH 32,000 MH3,200 MH $740,000 $550,000 Data for two special order parts to be manufactured by the company in 2017 follow. Part A27C Part X82B 10,600 units 52,000 units Number of units Machine hours Molding Trimming Direct labor hours Molding Trimming 6,200 MH 3,200 MH 1,240 MH 800 MH 4,500 DLH 700 DLH 3,050 DLH 3,500 DLH Required 1. Compute the plantwide overhead rate using...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
Nadal Company is debating the use of direct labor cost or direct labor hours as the...
Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Actual direct labor hours Estimated direct labor hours Actual manufacturing overhead costs Estimated manufacturing overhead costs Actual direct labor cost Estimated direct labor cost 232,500 250,300 $363,500 $401,900 $465,800 $500,700 If Nadal Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead...
Quick Step Company is debating the use of direct labor cost or direct labor hours as...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year. Estimated Direct Labor Cost 480,000 Actual Direct Labor Cost 465,200 Estimated Manufacturing Overhead 422,400 Actual Manufacturing Overhead 350,000 Estimated Direct Labor Hours 25,080 Actual Direct Labor Hours 23,270 If Quick Step Company uses direct labor cost as the allocation base, what would the allocated manufacturing overhead...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period. Assume that Job X used 30 direct labor-hours. How much manufacturing overhead would be applied...
Estimated amounts Trimming Dept Finishing Dept Direct labor cost $ 320,000 $ 400,000 Direct labor hours 25,000 40,000 Manufacturing overhead costs $ 416,000 $ 260,000 Actual data for completed Job No. 650 is as follows: Actual amounts Trimming Dept Finishing Dept Direct materials requisitioned $ 22,500 $ 52,500 Direct labor cost $ 35,400 $ 37,100 Direct labor hours 5,400 5,000 If Job No. 650 consists of 500 units of product, the average unit cost of this job is closest to...
Estimated over cost
department finishing: 3,000,000
assembly: 5,000,000
Direct Labor:
Assembly: 100,000
Finishing: 25,000 hours
Machinery
Assembly: 70,000
Finishing: 30,000 hours
Activity cost pool:
sUPERVISION: 2,000,000
Maintenance: 6,000,000
Activity:
supervision: 125,000 direct hours
Machinery: 100,000 machine hours
Chrom Co. manufactures two models, the XL and RD. It also has two departments, assembly and finishing. The company wants to assign overhead costs to its two different models to better understand the profitability of each model. The Tableau Dashboard provides data for...
Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 7,300 65,000 53,100 1,500 $ 370,000 $ 599,000 $ 3.00 - - $ 3.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing 12 Direct labor-hours Machine-hours Direct materials Direct labor cost 84 $ 720...
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: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
Here are selected basic data for Wilson Company: Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $243,750 35,000 36,000 $325,000 $320,000 $66,300 Factory utilities Indirect labor Sales commissions Factory rent Factory property taxes Indirect materials $30,400 $22,800 $54,300 $47,800 $29,100 $33,300 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs? O A. $284,000 OB. $261,200 OC. $173,600 OD. $229,700...
Uepa 120H . Direct labor hours Machine hours Overhead costs Molding Trimming 47,000 DLH 54,000 DLH 32,000 MH3,200 MH $740,000 $550,000 Data for two special order parts to be manufactured by the company in 2017 follow. Part A27C Part X82B 10,600 units 52,000 units Number of units Machine hours Molding Trimming Direct labor hours Molding Trimming 6,200 MH 3,200 MH 1,240 MH 800 MH 4,500 DLH 700 DLH 3,050 DLH 3,500 DLH Required 1. Compute the plantwide overhead rate using...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Actual direct labor hours Estimated direct labor hours Actual manufacturing overhead costs Estimated manufacturing overhead costs Actual direct labor cost Estimated direct labor cost 232,500 250,300 $363,500 $401,900 $465,800 $500,700 If Nadal Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period. Assume that Job X used 30 direct labor-hours. How much manufacturing overhead would be applied...
Most questions answered within 3 hours.
-
9. (9 pts) An investor with a stock portfolio worth several
hundred thousand dollars sued his...
asked 11 minutes ago -
Which statement is true?
a. Unless directed otherwise, the computer automatically
executes C. statements one before...
asked 32 minutes ago -
When a new company is considering Speed to Market for a product
launch, which would provide...
asked 1 hour ago -
bacteria and their metabolites could either promote or protect from
cancer. Explain one of these cases...
asked 1 hour ago -
Use the sample data and confidence level given below to complete
parts (a) through (d).
A...
asked 2 hours ago -
During laser vision correction, a brief burst of 193 nm
ultraviolet light is projected onto the...
asked 1 hour ago -
1 ) How well does the initial speed, v0,calculated from Equation
4 agree with the value...
asked 2 hours ago -
1. What is the p-value for a right tail test for a single
proportion with a...
asked 3 hours ago -
A technician compares repair costs for two types of microwave
ovens (type I and type II)....
asked 2 hours ago -
A certain statistical test is designed so that it fails 2% of
the time. Suppose that...
asked 2 hours ago -
For the reaction: H2S(g) + 2H2O(l)3H2(g) + SO2(g) H° = 295 kJ
and S° = 295...
asked 3 hours ago -
The first-order reaction C4H8→2C2H4 has the reaction constant k
of 7.60×10−3 s−1. If the initial concentration...
asked 2 hours ago