Question

DeShannon Company applies overhead to production based on direct labour hours. Data for the most current year are as follows:
0 0
Add a comment Improve this question Transcribed image text
Answer #1
overhead Applied=Actual overhead + over-applied
=$697595+35828
=$733423
Estimated overhead =$733423/560105 hrs *582673

=$762974

Correct Option : b.$762974

Add a comment
Know the answer?
Add Answer to:
DeShannon Company applies overhead to production based on direct labour hours. Data for the most current...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • DeShannon Company applies overhead to production based on direct labour hours. Data for the most current...

    DeShannon Company applies overhead to production based on direct labour hours. Data for the most current year are as follows: Estimated Actual Direct labour hours 582673 560105 Manufacturing overhead ? S697595 The manufacturing overhead for the past year was over-applied by $35828. What was the estimated manufacturing overhead? Select one: O a $725703 Ob $762974 O c. $697595 O d. $1

  • DeShannon Company applies overhead to production based on direct labour hours. Data for the most current...

    DeShannon Company applies overhead to production based on direct labour hours. Data for the most current year are as follows: Estimated Actual Direct labour hours 586192 587191 Manufacturing overhead $722246 $ 698125 The manufacturing overhead for the past year was overſunder-applied by note that a negative number means that overhead was under applied and a positive number means it was over-applied): Select one: O a. $ -25352 Ob. $ 25352 O c. $ 50704 O d. $ -50704

  • A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...

    A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $339,900 and direct labor hours would be 47,500. Actual manufacturing overhead costs incurred were $300,300, and actual direct labor hours were 54,800. The journal entry to apply the factory overhead costs for the year would include a On credit to Factory Overhead for 5394,012 Ob debit to Factory Overhead for $300,300 c. debt to Factory...

  • A firm uses direct labour-hours to apply overhead to products. Overhead was under-applied for the year...

    A firm uses direct labour-hours to apply overhead to products. Overhead was under-applied for the year by $36899. The actual manufacturing overhead for the year was $111493. The budgeted manufacturing overhead was $138421 and budgeted labour-hours were 6779. Direct labour is paid at the rate of $21 per hour. What was the total direct labour cost for the year? Select one: a. $76716 b. $114665 c. $152614 d. $142359 Lager Ltd.’s production volume and per unit information for the year...

  • Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor...

    Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor for the year follows: Estimated manufacturing overhead $120,000 Direct labor hours estimated 5,000 Estimated direct labor costs $50,000 Estimated machine hours 6,000 Assuming the actual manufacturing overhead cost and the actual activities for Job 201 is as follows: Actual manufacturing overhead $ 12,000 Direct labor hours actual incurred 300 Actual direct labor costs totaled $ 9,800 Actual machine hours totaled 400 Instructions (a) Compute...

  • Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most...

    Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,800 and 9,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,400 and actual direct labor-hours were 6,300. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.)

  • Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required...

    Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,600 units. Manufacturing overhead is budgeted at $120,400 for the period (20% of this cost is fixed). The 16,500 hours worked during the period resulted in the production of 8,170 units. The variable manufacturing overhead cost incurred was $97,400 and the fixed manufacturing overhead cost was $28,900.    Partially correct answer.  ...

  • Picard company used a predetermined overhead rate based on direct labour hours. The estimated annual manufacturing...

    Picard company used a predetermined overhead rate based on direct labour hours. The estimated annual manufacturing overhead costs and direct labour hours were $150,000 and 20,000 respectively. Actual overhead costs and direct labour hours are $100,000 and 16,000 hours, respectively. What was the predetermined manufacturing overhead rate? What was the total manufacturing overhead costs applied during the period ?

  • A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...

    A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $172,800 and direct labor hours would be 21,600. Actual manufacturing overhead costs incurred were $140,000, and actual direct labor hours were 14,000. The entry to apply the factory overhead costs for the year would include a a. debit to Factory Overhead for $140,000 Ob. debit to Factory Overhead for $112,000 Oc. credit to Factory Overhead...

  • A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...

    A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $482,910 and direct labor hours would be 48,291. Actual factory overhead costs incurred were $520,224, and actual direct labor hours were 54,190. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a. $58,990 underapplied b. $21,676 overapplied c. $541,900 overapplied d. $21,676 underapplied A manufacturing company applies factory...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT