Homework Answers
| Debit | Credit | |
| Cost of goods sold | 105600 | |
| Factory overhead | 105600 |
996400/41100*4400
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Calculator Cavy Company estimates that the factory overhead for the following year will be $986,400. The...
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The...
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 20,900 hours. The machine hours for the month of April for all of the jobs were 5,620. If the actual factory overhead for April totaled $313,613, determine the over- or underapplied amount for the month. Enter the amount as a positive number
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $1,069,600. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,069,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 19,100 hours. The machine hours for the month of April for all of the jobs were 2,680. If the actual factory overhead for April totaled $153,682, determine the over- or underapplied amount for the month. Enter the amount as a positive number.
Cavy Company estimates that the factory overhead for the following year will be $1,102,300. The company...
Cavy Company estimates that the factory overhead for the following year will be $1,102,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 15,100 hours. The machine hours for the month of April for all of the jobs were 4,700. If the actual factory overhead for April totaled $335,895, determine the over- or underapplied amount for the month. Enter the amount as a positive number. $
Cavy Company estimates that total factory overhead costs will be $484,544 for the year. Direct labor...
Cavy Company estimates that total factory overhead costs will be $484,544 for the year. Direct labor hours are estimated to be 90,400. a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. $ per direct labor hour b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,200 and to Job 777 if the amount of direct labor hours is 2,900. Job 345 $ Job 777 $...
Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor...
Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor hours are estimated to be 102,900. a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. $ per direct labor hour b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,300 and to Job 777 if the amount of direct labor hours is 2,800. Job 345 $ Job 777 $...
Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company...
Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300. The actual factory overhead for the year was $1,348,800. a. Determine the total factory overhead amount applied. b. Compute the over- or underapplied amount for the year. c. Journalize the entry to transfer the over-...
Winston Company estimates that the factory overhead for the following year will be $938,000. The company...
Winston Company estimates that the factory overhead for the following year will be $938,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 26,800 hours. The total machine hours for the year were 54,000. The actual factory overhead for the year was $1,879,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. $ b. Compute the over- or underapplied amount for the year. Enter the...
Cavy Company estimates that the factory overhead for the following year will be $592,100. The company...
Cavy Company estimates that the factory overhead for the following year will be $592,100. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 19,100 hours. Compute the predetermined overhead rate to apply factory overhead. $ per machine hour
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 20,900 hours. The machine hours for the month of April for all of the jobs were 5,620. If the actual factory overhead for April totaled $313,613, determine the over- or underapplied amount for the month. Enter the amount as a positive number
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $1,272,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 21,200 hours. There are 5,950 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?
Cavy Company estimates that the factory overhead for the following year will be $1,069,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 19,100 hours. The machine hours for the month of April for all of the jobs were 2,680. If the actual factory overhead for April totaled $153,682, determine the over- or underapplied amount for the month. Enter the amount as a positive number.
Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300. The actual factory overhead for the year was $1,348,800. a. Determine the total factory overhead amount applied. b. Compute the over- or underapplied amount for the year. c. Journalize the entry to transfer the over-...
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