Working Notes: | ||||||
CACLULATION OF OVERHEAD APPLICATION RATE PER LABOR HOURS | ||||||
Overhead Application Rate = | Budgeted Overhead Cost | "/" | Budgeted Labor Hours | "=" | Estimated Overhead rate PER Labor Hrs | |
Overhead Application Rate = | $ 2,79,600 | "/" | 12,000 | "=" | $ 23.30 | |
Solution: | ||||||
CALCULATION OF TOTAL OVERHEAD APPLIED WHEN ACTUAL HOURS ARE USED 11,600 | ||||||
Applied Ovehead = | Actual Hours Used | "X" | Rate Per Hours | "=" | Overhead Cost Applied | |
Applied Ovehead = | 11,600 | "X" | $ 23.30 | "=" | $ 2,70,280 | |
Applied Ovehead = | "=" | $ 2,70,280 | ||||
Answer = Overhead Applied = $ 270,280 | ||||||
Luthan Company uses a plantwide predetermined overhead rate of $23.30 per direct labor-hour. This predetermined rate...
Luthan Company uses a plantwide predetermined overhead rate of $23.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $279,600 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $268,000 and 11,600 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied...
Luthan Company uses a plantwide predetermined overhead rate of $23.50 per direct labor hour. This predetermined rate was based on a cost formula that estimated $282,000 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours The company incurred actual total manufacturing overhead cost of $266,000 and 12,000 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period.
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Check my work Luthan Company uses a plantwide predetermined overhead rate of $23.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $282,000 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $269,000 and 11,600 total direct labor-hours during the period. Required Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period....
Luthan Company uses a plantwide predetermined overhead rate of $23.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $286,800 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $269,000 and 10,400 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied
Luthan Company uses a plantwide predetermined overhead rate of $22.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $270,000 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $267.000 and 11,400 total direct labor-hours during the period, Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied
Luthan Company uses a plantwide predetermined overhead rate of $23.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $286,800 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor hours. The company incurred actual total manufacturing overhead cost of $270,000 and 12,400 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied