A good reason to allocate overhead using machine hours is because machines are less likely to...
A good reason to allocate overhead using machine hours is because machines are less likely to take breaks than humans? T or F
Homework Answers
Answer----- False.
.
Overhead are allocated on the basis of direct labor hours or direct labor cost or machine hours. Selecting an allocation base depends on various circumstances.
Overhead is allocated using machine hour if most of work is done by machines whereas overhead maybe allocated using labor hour or labor cost if most of work is labor intensive.
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A good reason to allocate overhead using machine hours is
because machines are less likely to...
Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours...
Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours $750,000 $ 765,000 200,000 hours 198,000 hours Knowledge Check 03 Using the information provided by Amilmar Inc., calculate the predetermined overhead rate. Amilmar has determined machine hours to be the appropriate cost driver to allocate overhead costs. $3.79 $1.02 O $3.75 $3.86 Knowledge Check 04 Amilmar Inc. has provided this information regarding its overhead costs. It has determined machine hours to be the appropriate...
Roberta, Inc., manufactures elliptical machines for several well-known companies. The machines differ significantly in their complexity...
Roberta, Inc., manufactures elliptical machines for several well-known companies. The machines differ significantly in their complexity and their manufacturing batch sizes. The following costs were incurred in 2017: (Click the icon to view the costs.) Read the requirements. - X Х i Requirements 1. Classify each of the preceding costs as output unit-level, batch-level, product-sustaining, or facility-sustaining. Explain each answer. 2. Consider two types of elliptical machines made by Roberta, Inc. One machine, designed for professional use, is complex to...
White Corporation manufactures football jerseys and uses budgeted machine-hours to allocate variable manufacturing overhead. The following...
White Corporation manufactures football jerseys and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units Budgeted machine-hours Budgeted variable manufacturing overhead costs for 20,000 units 20,000 units 30,000 hours $360,000 Actual output units produced Actual machine-hours used Actual variable manufacturing overhead costs 18,000 units 28,000 hours $342.000 What is the flexible-budget amount for variable manufacturing overhead? $324,000 $342,000 $380,000 None of these answers is correct
When machine-hours are used as a cost-allocation base, the item MOST likely to contribute to an...
When machine-hours are used as a cost-allocation base, the item MOST likely to contribute to an unfavorable variable overhead efficiency variance is Select one: a. unused capacity b. more units being produced than planned c. using more machine hours than budgeted d. workers wastefully using variable overhead items
T F Using washers along with screws is a good practice because it increas...
T F Using washers along with screws is a good practice because it increases the ease of maintainability. T F Flexible components are difficult to accommodate for manual assembly, but are not much of an issue for fully automated assembly areas. T F There are several design for X strategies. Typically, these are complementary rules which work together for an optimal design. T F Maytag laundry products are easily accessible from the front for maintenance. This is likely a side...
The company you work for uses machine hours as an allocation base to allocate overhead to jobs. You also collect the following information:
The company you work for uses machine hours as an allocation base to allocate overhead to jobs. You also collect the following information:Estimated use 47,500m-hPractical capacity 50,000m-hActual usage 46,850m-hFixed manufacturing overhead* $ 1,258,400 *All manufacturing overhead is fixedMachine hours required for Job X55m-h1) Using estimated amount of the allocation base, calculate:a) predetermined overhead rateb) overhead would be applied to Job Xc) underapplied or overapplied overhead2) Using practical capacity amount of the allocation base, calculate:a) predetermined overhead rateb) overhead would be applied to ...
Which of the following would be less likely to be used to allocate factory overhead when...
Which of the following would be less likely to be used to allocate factory overhead when activity-based costing is employed? a. Setups b. Inspections c. Direct labor costs d. Engineering changes An alternative approach for allocating factory overhead when there are diverse products and processes is a. absorption costing. b. variable costing. c. activity-based costing. d. All of these choices are correct. Differential analysis may be used for the common decisions of leasing or selling equipment and manufacturing or purchasing...
Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate...
Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job $60,000 $2,400 $15,000 $600 Direct materials Direct labor Manufacturing overhead costs Machine-hours $50,000 100,000 mh 1,000 mh For Lancelot Manufacturing, what is the annual manufacturing overhead cost-allocation...
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using direct...
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using direct labor hours. Its total estimated overhead costs are $975,000 Esimated machine hours are expected to be 50.000 hours and estimated direct labor hours we expected to be 100,000 hours. What is the total amount of allocated overhead actual machine hours are 45,000 hours and actual direct labor hours are 92,000? TIP: Please round any intermediary calculations to 2 decimal places O A $897000 OB....
Comfort Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate...
Comfort Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Winton High School band jacket job. Company Winton High School Job Direct materials $40,000 $2,000 Direct labor $10,000 $400 Manufacturing overhead costs $45,000 Machine-hours 100,000 mh 900mh What is the bid price for the Winton High School job...
Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours $750,000 $ 765,000 200,000 hours 198,000 hours Knowledge Check 03 Using the information provided by Amilmar Inc., calculate the predetermined overhead rate. Amilmar has determined machine hours to be the appropriate cost driver to allocate overhead costs. $3.79 $1.02 O $3.75 $3.86 Knowledge Check 04 Amilmar Inc. has provided this information regarding its overhead costs. It has determined machine hours to be the appropriate...
Roberta, Inc., manufactures elliptical machines for several well-known companies. The machines differ significantly in their complexity and their manufacturing batch sizes. The following costs were incurred in 2017: (Click the icon to view the costs.) Read the requirements. - X Х i Requirements 1. Classify each of the preceding costs as output unit-level, batch-level, product-sustaining, or facility-sustaining. Explain each answer. 2. Consider two types of elliptical machines made by Roberta, Inc. One machine, designed for professional use, is complex to...
White Corporation manufactures football jerseys and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units Budgeted machine-hours Budgeted variable manufacturing overhead costs for 20,000 units 20,000 units 30,000 hours $360,000 Actual output units produced Actual machine-hours used Actual variable manufacturing overhead costs 18,000 units 28,000 hours $342.000 What is the flexible-budget amount for variable manufacturing overhead? $324,000 $342,000 $380,000 None of these answers is correct
Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job $60,000 $2,400 $15,000 $600 Direct materials Direct labor Manufacturing overhead costs Machine-hours $50,000 100,000 mh 1,000 mh For Lancelot Manufacturing, what is the annual manufacturing overhead cost-allocation...
Aleman uses a traditional predetermined overhead rate system to allocate overhead to its jobs using direct labor hours. Its total estimated overhead costs are $975,000 Esimated machine hours are expected to be 50.000 hours and estimated direct labor hours we expected to be 100,000 hours. What is the total amount of allocated overhead actual machine hours are 45,000 hours and actual direct labor hours are 92,000? TIP: Please round any intermediary calculations to 2 decimal places O A $897000 OB....
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