Homework Answers
| Predetermined overhead rate = Total estimated overhead/number of hours | ||||
| =$235900/20900 hours | ||||
| =$11.29 per hour | ||||
| Overhead allocated = pedetermined overhead rate * Actual machine hours | ||||
| =$11.29*23400 | ||||
| =$264186 | ||||
| Correct Option : C.$264186 | ||||
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Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow....
George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow....
George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours The estimates were made as of the beginning of the year, while the actual results were for the entire year. $235,400 $244,100 20,100 23,500 The amount of manufacturing overhead allocated for the year based on machine hours would have been(Round intermediary calculations to the nearest cent and final answer to...
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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...
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Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
#5 Suit U produces uniforms. The company allocates manufacturing overhead based on the machine hours each...
#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
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Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours....
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Beta Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead...
Beta Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. The company estimated that it would incur $600,800 of manufacturing overhead during the year and that 150,200 direct labor hours would be worked. During the year, the company actually incurred manufacturing overhead costs of S582,200 and 135,400 direct labor hours were worked By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent and...
Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead...
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George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours The estimates were made as of the beginning of the year, while the actual results were for the entire year. $235,400 $244,100 20,100 23,500 The amount of manufacturing overhead allocated for the year based on machine hours would have been(Round intermediary calculations to the nearest cent and final answer to...
Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours $300,600 $290,600 20,500 22,900 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The manufacturing overhead for the year would have been_ (Round intermediary calculations to the nearest cent.) O A. $45,114 underallocated. OB. $45,114 overallocated O C. $10,000 overallocated. OD. $10,000 underallocated. Click to select your answer.
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...
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...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
Absolute Systems allocates manufacturing overhead based on machine hours. Each connector should require 5 machine hours. According to the static budget, Absolute expected to incur the following (Click the icon to view the static budget information) During August, Absolute actually used 500 machine hours to make 120 connectors and spent $5,000 in variable manufacturing costs and 58,000 in fored manufacturing overhead costs Calculate the variable overhead efficiency variance for Absolute More info O A. $7,000 F OB. 55,000 OC. 53,000...
Beta Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. The company estimated that it would incur $600,800 of manufacturing overhead during the year and that 150,200 direct labor hours would be worked. During the year, the company actually incurred manufacturing overhead costs of S582,200 and 135,400 direct labor hours were worked By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent and...
Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During the year, the company actually incurred manufacturing overhead costs of $582,700 and 135,000 direct labor hours were worked. The company estimated that it would incur $525,200 of manufacturing overhead during the year and that 150,400 direct labor hours would be worked. By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) O...
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