Homework Answers
| Predetermined overhead rate = ( Estimated manufacturing overhead / Estimated machine hours ) = ( 690000 / 46000 ) = | 15 | |
| Manufacturing overhead applied = Predetermined overhead rate * Actual machine hours worked = 15 * 50000 = | 750000 | Option c |
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.. .. The records of Family Manufacturing show the following information: Estimated manufacturing overhead $690,000 Estimated...
Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000...
Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000 machine hours and $93,000 of manufacturing overhead costs actually used 14,000 machine hours and incurred the following actual costs: (Click the icon to view the costs.) What is Gell's actual manufacturing overhead cost? O O A. $149,000 O B. $90,000 OC. $220,000 OD. $161,000 $ Indirect labor Depreciation on plant Machinery repair Direct labor Plant supplies Plant utilities Advertising 13,000 49,000 11,000 71.000 5,000...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. •...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $90,000 of manufacturing overhead costs. The predetermined overhead rate is $7.50 per machine hour. actually used 13,000 machine hours and incurred the following actual costs: E (Click the icon to view the costs.) How much manufacturing overhead would Tell allocate? i Data Table O A. $90,000 OB. $85,000 OC. $97,500 OD. $218,000 Indirect labor Depreciation on plant Machinery repair...
Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor...
Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor for the year follows: Estimated manufacturing overhead $120,000 Direct labor hours estimated 5,000 Estimated direct labor costs $50,000 Estimated machine hours 6,000 Assuming the actual manufacturing overhead cost and the actual activities for Job 201 is as follows: Actual manufacturing overhead $ 12,000 Direct labor hours actual incurred 300 Actual direct labor costs totaled $ 9,800 Actual machine hours totaled 400 Instructions (a) Compute...
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...
The predetermined overhead allocation rate for Freestyle, Inc., is based on estimated direct labor costs of $400,00...
The predetermined overhead allocation rate for Freestyle, Inc., is based on estimated direct labor costs of $400,000 and estimated factory overhead of $500,000. Actual costs incurred were: Direct materials. $250,000 400,000 55,000 125,000 50,000 Direct labor Indirect materials....... Indirect labor............................... Sales commissions............. ..... Factory depreciation................. ......... Property taxes, factory.. Factory utilities..... Advertising ...... Factory equipment rental 170,000 15,000 35,000 62,500 100,000 Calculate the predetermined overhead rate and calculate the overhead applied to production during the year (6 points). A. Predetermined...
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...
QUESTION 18 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The...
QUESTION 18 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $100,000 $120,000 Machine-hours 20,000 25,000 Using job costing, the amount of manufacturing overhead costs allocated to jobs during 2019 is: $150,000 $125,000 $120,000 $100,000
QUESTION 18 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The...
QUESTION 18 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $100,000 $120,000 Machine-hours 20,000 25,000 Using job costing, the amount of manufacturing overhead costs allocated to jobs during 2019 is: $150,000 $125,000 $120,000 $100,000
QUESTION 19 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The...
QUESTION 19 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $100,000 $120,000 Machine-hours 20,000 25,000 Using job costing, the amount of manufacturing overhead costs allocated to jobs during 2019 is: $150,000 $125,000 $120,000 $100,000
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost ? Manufacturing overhead cost applied to Work in Process during the...
Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000 machine hours and $93,000 of manufacturing overhead costs actually used 14,000 machine hours and incurred the following actual costs: (Click the icon to view the costs.) What is Gell's actual manufacturing overhead cost? O O A. $149,000 O B. $90,000 OC. $220,000 OD. $161,000 $ Indirect labor Depreciation on plant Machinery repair Direct labor Plant supplies Plant utilities Advertising 13,000 49,000 11,000 71.000 5,000...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $90,000 of manufacturing overhead costs. The predetermined overhead rate is $7.50 per machine hour. actually used 13,000 machine hours and incurred the following actual costs: E (Click the icon to view the costs.) How much manufacturing overhead would Tell allocate? i Data Table O A. $90,000 OB. $85,000 OC. $97,500 OD. $218,000 Indirect labor Depreciation on plant Machinery repair...
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...
The predetermined overhead allocation rate for Freestyle, Inc., is based on estimated direct labor costs of $400,000 and estimated factory overhead of $500,000. Actual costs incurred were: Direct materials. $250,000 400,000 55,000 125,000 50,000 Direct labor Indirect materials....... Indirect labor............................... Sales commissions............. ..... Factory depreciation................. ......... Property taxes, factory.. Factory utilities..... Advertising ...... Factory equipment rental 170,000 15,000 35,000 62,500 100,000 Calculate the predetermined overhead rate and calculate the overhead applied to production during the year (6 points). A. Predetermined...
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...
QUESTION 18 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $100,000 $120,000 Machine-hours 20,000 25,000 Using job costing, the amount of manufacturing overhead costs allocated to jobs during 2019 is: $150,000 $125,000 $120,000 $100,000
QUESTION 18 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $100,000 $120,000 Machine-hours 20,000 25,000 Using job costing, the amount of manufacturing overhead costs allocated to jobs during 2019 is: $150,000 $125,000 $120,000 $100,000
QUESTION 19 For 2019, Al Ain Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: Estimated Actual Manufacturing overhead costs $100,000 $120,000 Machine-hours 20,000 25,000 Using job costing, the amount of manufacturing overhead costs allocated to jobs during 2019 is: $150,000 $125,000 $120,000 $100,000
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