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For ABC Company, the manufacturing overhead was estimated to be $200.000 for the year along with...
Moscone Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 78,000 labor-hours. The esti
Moscone Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcomingyear. At the beginning of the most recently completed year, the company estimated the labor-hours for theupcoming year at 78,000 labor-hours. The estimated variable manufacturing overhead was $9.99 per labor-hourand the estimated total fixed manufacturing overhead was $985,920. The actual manufacturing overhead for theyear was $1,812,700 and the company’s direct labor workers worked a total of 80,000 labor-hours.Required:1. Compute the company's predetermined overhead rate.2. Compute the amount...
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...
Manufacturing overhead was estimated to be $365,400 for the year along with 20,300 direct abor hours....
Manufacturing overhead was estimated to be $365,400 for the year along with 20,300 direct abor hours. Actual manufacturing overhead was $380,000, and actual labor hours were 21,700. Which of the following would be correct? Multiple Choice Overhead is underapplied by $10,600. Overhead is underapplied by $14,600. Overhead is overopplied by $10.500. Overhead is overapplied by $14.600 < Prev 4 of 6 Next >
Manufacturing overhead was estimated to be $325,000 for the year along with 25.000 direct labor hours....
Manufacturing overhead was estimated to be $325,000 for the year along with 25.000 direct labor hours. Actual manufacturing overhead was $468,750 and actual labor hours were 26,900 The predetermined overhead rate per direct labor hour would be: Multiple Choice $1.08 $18.75 $19.24 $13.00
QUESTION 2 1 points How much is over- or underapplied overhead using the following information: Estimated...
QUESTION 2 1 points How much is over- or underapplied overhead using the following information: Estimated Actual Total overhead cost $100,000 $110,250 Machine hours $ 20,000 21.000 $10.250 overapplied 5 $10.250 underapplied $5,250 overapplied d. $5,250 underapplied None of the above QUESTION 3 1 points sa Comstock Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs Estimated and actual tot manufacturing overhead costs and machine hours follow Estimated Actual Total overhead cost $100,000...
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125....
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor-hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:...
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125....
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor- hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have...
The Dewey Company uses a predetermined overhead rate to apply manufacturing overhead to production. The rate...
The Dewey Company uses a predetermined overhead rate to apply manufacturing overhead to production. The rate is based on direct labor hours. Estimates for the year just ended are as follows: Estimated manufacturing overhead Estimated direct labor hours $300,000 60,000 During the year Dewey Company used 37,000 direct labor hours. At the end of the year, Dewey Company records revealed the following information: Raw materials inventory Work-in-process inventory Finished goods inventory Cost of goods sold Manufacturing overhead costs incurred $...
26 At the beginning of the year, manufacturing overhead for the year was estimated to be...
26 At the beginning of the year, manufacturing overhead for the year was estimated to be $955,325. At the end of the year, actual direct labor-hours for the year were 36,350 hours, the actual manufacturing overhead for the year was $910,000, and manufacturing overhead for the year was overapplied by $53,275. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
Manufacturing overhead was estimated to be $365,400 for the year along with 20,300 direct abor hours. Actual manufacturing overhead was $380,000, and actual labor hours were 21,700. Which of the following would be correct? Multiple Choice Overhead is underapplied by $10,600. Overhead is underapplied by $14,600. Overhead is overopplied by $10.500. Overhead is overapplied by $14.600 < Prev 4 of 6 Next >
Manufacturing overhead was estimated to be $325,000 for the year along with 25.000 direct labor hours. Actual manufacturing overhead was $468,750 and actual labor hours were 26,900 The predetermined overhead rate per direct labor hour would be: Multiple Choice $1.08 $18.75 $19.24 $13.00
QUESTION 2 1 points How much is over- or underapplied overhead using the following information: Estimated Actual Total overhead cost $100,000 $110,250 Machine hours $ 20,000 21.000 $10.250 overapplied 5 $10.250 underapplied $5,250 overapplied d. $5,250 underapplied None of the above QUESTION 3 1 points sa Comstock Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs Estimated and actual tot manufacturing overhead costs and machine hours follow Estimated Actual Total overhead cost $100,000...
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor- hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have...
The Dewey Company uses a predetermined overhead rate to apply manufacturing overhead to production. The rate is based on direct labor hours. Estimates for the year just ended are as follows: Estimated manufacturing overhead Estimated direct labor hours $300,000 60,000 During the year Dewey Company used 37,000 direct labor hours. At the end of the year, Dewey Company records revealed the following information: Raw materials inventory Work-in-process inventory Finished goods inventory Cost of goods sold Manufacturing overhead costs incurred $...
26 At the beginning of the year, manufacturing overhead for the year was estimated to be $955,325. At the end of the year, actual direct labor-hours for the year were 36,350 hours, the actual manufacturing overhead for the year was $910,000, and manufacturing overhead for the year was overapplied by $53,275. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
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