Homework Answers
As mentioned to answer only part B.
Predetermined overhead rate using machine hour =
Total overhead costs/ Machine hours
= 420,000/14,000
=$ 30 per machine hour
Predetermined overhead rate using machine hour is $ 30 per machine hour.
Add Answer to:
please answer part B.
Current Attempt in Progress Frinut Company estimates the following overhead costs for...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor Save for Later Attempts: 0 of 1...
Question 2 --/1 View Policies Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead...
Question 2 --/1 View Policies Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $841,680. Estimated annual operating activity bases are direct labor cost $501,000, direct labor hours 50,100, and machine hours 100,200. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour $ e Textbook and Media...
Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $891,100. Estimated...
Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $891,100. Estimated annual operating activity bases are direct labor cost $469,000, direct labor hours 46,900, and machine hours 93,800. upport Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, eg. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour
Question 2 View Policies Current Attempt in Progress Vaughn Company manufactures a line of lightweight running...
Question 2 View Policies Current Attempt in Progress Vaughn Company manufactures a line of lightweight running shoes. CEO Mark Vaughn estimated that the company would incur $3.124,200 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 246,000 direct labor hours and 537,728 machine hours. Assume that Vaughn Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. (Round answer to 2 decimal places, e.g....
- Your answer is partially correct. Sheridan Company estimates that annual manufacturing overhead costs will be...
- Your answer is partially correct. Sheridan Company estimates that annual manufacturing overhead costs will be $902.000. Estimated annual operating activity bases are direct labor cost $400,000, direct labor hours 40,000, and machine hours 100.000, Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, s. 10.50) Overhead rate per direct labor cost 225.5 Overhead rate per direct labor hour $ 20.23 Overhead rate per machine hour 8.09
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: Manufacturing...
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $1,280, eee...
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: Manufacturing...
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...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor Save for Later Attempts: 0 of 1...
Question 2 --/1 View Policies Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $841,680. Estimated annual operating activity bases are direct labor cost $501,000, direct labor hours 50,100, and machine hours 100,200. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour $ e Textbook and Media...
Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $891,100. Estimated annual operating activity bases are direct labor cost $469,000, direct labor hours 46,900, and machine hours 93,800. upport Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, eg. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour
Question 2 View Policies Current Attempt in Progress Vaughn Company manufactures a line of lightweight running shoes. CEO Mark Vaughn estimated that the company would incur $3.124,200 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 246,000 direct labor hours and 537,728 machine hours. Assume that Vaughn Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. (Round answer to 2 decimal places, e.g....
- Your answer is partially correct. Sheridan Company estimates that annual manufacturing overhead costs will be $902.000. Estimated annual operating activity bases are direct labor cost $400,000, direct labor hours 40,000, and machine hours 100.000, Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, s. 10.50) Overhead rate per direct labor cost 225.5 Overhead rate per direct labor hour $ 20.23 Overhead rate per machine hour 8.09
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 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: Manufacturing...
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $1,280, eee...
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: Manufacturing...
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