Homework Answers
Answer
19,667
Explanation -
Actual manufacturing overhead = $ 29,500
Predetermined overhead rate = $ 1.5 per direct labour hour
Direct labour cost = 19 per hour
Overallocated manufacturing overhead = $ 1250
Total manufacturing hour worked =
Actual manufacturing overhead / predetermined rate
= Actual manufacturing overhead / predetermined overhead per hour
= $ 29500 / 1.5
= 19,667 hours.
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36.
Showboat Corporation had actual manufacturing overhead costs for the most recent year of $29,500. Manufacturing...
34. Showboat Corporation had actual manufacturing ovelhead costs for the most recent year of $29,500. Manufacturing...
34.
Showboat Corporation had actual manufacturing ovelhead costs for the most recent year of $29,500. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $1.50 per direct labor hour. Direct labor cost is $19 per hour. At the end of the year, Cabaret Corporation found it had overallocated manufacturing overhead by $1,250. How much manufacturing overhead was allocated in total during the year? O $28,250 O $30.750 O $29,500 $1,250
The following information was gathered for the Greensprings Corporation for the most recent year. Manufacturing overhead...
The following information was gathered for the Greensprings Corporation for the most recent year. Manufacturing overhead is allocated using machine hours. Actual machine hours 143,000 Allocated manufacturing overhead $1,130,000 Estimated manufacturing overhead costs $1,053,000 Actual manufacturing overhead costs $1,142,000 By how much is manufacturing overhead over or underallocated? O A. $89,000 overallocated O B. $12,000 underallocated C. $89,000 underallocated D. $12,000 overallocated
CH 3 Quiz ACG 2071 Spring 2019 Quiz: CH 3 Quiz This Question: 1 pt Joseph...
CH 3 Quiz ACG 2071 Spring 2019 Quiz: CH 3 Quiz This Question: 1 pt Joseph Pellicano & Time Remaining: 00:43.06 Submit Quiz 4 of 20 (4 complete) This Quiz: 20 pts possible ot Showboat Corporation had actual manufacturing overhead costs for the most recent year of $29,900. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $4.25 per direct labor hour. Direct labor cost is $28 per hour. At the end of the year, Cabaret Corporation found...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa$ manufacturing overhead underapplied or overapplied for the Select one: a. $2,250 underapplied b. $2,250 overapplied С. $15,000 underapplied d. $15,000 overapplied At the...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual manufacturing overhead costs for the year Estimated direct labor hours for the year Actual direct labor hours for the year $254,000 $202,000 50,000 35,000 Alpha uses normal costing and applies overhead on the basis of direct labor hours. The predetermined overhead rate of Alpha Company is: a. $7.3 per hour. b. $4.0 per hour. c. $5.1 per hour. d. $8.8 per hour.
Tiger, Inc. had actual manufacturing overhead costs of $5,866,000 and a predetermined overhead rate of $28.50...
Tiger, Inc. had actual manufacturing overhead costs of $5,866,000 and a predetermined overhead rate of $28.50 per direct labor hour. Tiger, Inc. worked 204,282 direct labor hours during the period. Calculate the over/under applied manufacturing overhead. Indicate amount and whether it was over or under applied. Use "Over Applied" or "Under Applied" Calculation Amount Over/Under Applied $ Record the journal entry to adjust COGS for the over/under applied MOH. Use these accounts: COGS, Manufacturing Overhead journal entry Debit Accounts Credit
Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most...
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Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 60,000 actual direct labor-hours and incurred $512,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 61,600 direct labor-hours during the year and incur $437,360 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
34.
Showboat Corporation had actual manufacturing ovelhead costs for the most recent year of $29,500. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $1.50 per direct labor hour. Direct labor cost is $19 per hour. At the end of the year, Cabaret Corporation found it had overallocated manufacturing overhead by $1,250. How much manufacturing overhead was allocated in total during the year? O $28,250 O $30.750 O $29,500 $1,250
The following information was gathered for the Greensprings Corporation for the most recent year. Manufacturing overhead is allocated using machine hours. Actual machine hours 143,000 Allocated manufacturing overhead $1,130,000 Estimated manufacturing overhead costs $1,053,000 Actual manufacturing overhead costs $1,142,000 By how much is manufacturing overhead over or underallocated? O A. $89,000 overallocated O B. $12,000 underallocated C. $89,000 underallocated D. $12,000 overallocated
CH 3 Quiz ACG 2071 Spring 2019 Quiz: CH 3 Quiz This Question: 1 pt Joseph Pellicano & Time Remaining: 00:43.06 Submit Quiz 4 of 20 (4 complete) This Quiz: 20 pts possible ot Showboat Corporation had actual manufacturing overhead costs for the most recent year of $29,900. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $4.25 per direct labor hour. Direct labor cost is $28 per hour. At the end of the year, Cabaret Corporation found...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa$ manufacturing overhead underapplied or overapplied for the Select one: a. $2,250 underapplied b. $2,250 overapplied С. $15,000 underapplied d. $15,000 overapplied At the...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual manufacturing overhead costs for the year Estimated direct labor hours for the year Actual direct labor hours for the year $254,000 $202,000 50,000 35,000 Alpha uses normal costing and applies overhead on the basis of direct labor hours. The predetermined overhead rate of Alpha Company is: a. $7.3 per hour. b. $4.0 per hour. c. $5.1 per hour. d. $8.8 per hour.
Tiger, Inc. had actual manufacturing overhead costs of $5,866,000 and a predetermined overhead rate of $28.50 per direct labor hour. Tiger, Inc. worked 204,282 direct labor hours during the period. Calculate the over/under applied manufacturing overhead. Indicate amount and whether it was over or under applied. Use "Over Applied" or "Under Applied" Calculation Amount Over/Under Applied $ Record the journal entry to adjust COGS for the over/under applied MOH. Use these accounts: COGS, Manufacturing Overhead journal entry Debit Accounts Credit
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