Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the...

Question

Question

Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated dir

Multiple Choice $4,298 overapplied O $4,298 underapplied $4,248 underapplied $4,248 overapplied

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer:-

Predetermined Overhead rate = Estimated Over Head/Direct Labour Hours

Predetermined Overhead rate = 516368/21880

Predetermined Overhead rate = $23.6

Workings :-

((21700*23.6)-516368)) = -4248

Here, the correct option is "C" - Underapplied 4248

Add a comment

Answer 2

Similar Homework Help Questions

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,940 hours and the total estimated manufacturing overhead was $530,948. At the end of the year, actual direct labor-hours for the year were 21,850 hours and the actual manufacturing overhead for the year was $530,948. Overhead at the end of the year was: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice $2,228 underapplied $2,178 underapplied $2,178 overapplied...
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,960 hours and the total estimated manufacturing overhead was $535,824. At the end of the year, actual direct labor-hours for the year were 21,900 hours and the actual manufacturing overhead for the year was $535,824. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,514 overapplied $1,514 underapplied $1,464 underapplied...
Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,500 hours. At the end of the year, actual direct labor-hours for the year were 21,300 hours, the actual manufacturing overhead for the year was $548,320, and manufacturing overhead for the year was underapplied by $24,340. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: Multiple Choice $543,140. $573,746....

please explain Lien Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of...

please explain Lien Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, 10. the estimated direct labor-hours were 22,060 hours and the total estimated manufacturing overhead was $560,324 At the end of the year, actual direct labor-hours for the year were $2.000 hour and the actual manufacturing overhead for the year was $560,324 Overhead at the end of the year was A) $1524 overapplied B) $1524 underapplied C) $1574 overapplied D) $1574 underapplied
Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $298,350. At the end of the year, actual direct labor-hours for the year were 20,200 hours, manufacturing overhead for the year was underapplied by $14,100, and the actual manufacturing overhead was $284,780. The predetermined overhead rate for the year must have been closest to: Multiple Choice $13.40. $14.77. $14.10. $12.93.
Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $364,440. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,360, and the actual manufacturing overhead was $360,040. The predetermined overhead rate for the year must have been closest to: Multiple Choice $15.48 per direct lobor hour $15.00 per direct labor hour $15.35 per...

Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing...

Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $251,590. At the end of the year, actual direct labor-hours for the year were 18,800 hours, manufacturing overhead for the year was underappiled by $12,700, and the actual manufacturing overhead was $238,300. The predetermined overhead rate for the year must have been closest to Multiple Choice $12.68. $13.38. $11.57 $12.00
8. Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the...

8. Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 13,800 hours and the total estimated manufacturing overhead was $353,280. At the end of the year, actual direct labor-hours for the year were 13,500 hours and the actual manufacturing overhead for the year was $340,650. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.)

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,500 and 9,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $85,612 overapplied $84,912 underapplied $85,612 underapplied $84,912 overapplied

Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the...

Homework Answers

Add Answer to:
Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the...

Post as a guest

Earn Coins

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

please explain Lien Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of...

Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing...

Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...

8. Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the...

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...

Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the...

Homework Answers

Add Answer to: Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the...

Post as a guest

Earn Coins

Add Answer to:
Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the...