Tombert Decorating uses a job order cost system to collect the costs of its interior decorating...
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year.
| Estimated overhead | $1,000,000 | |
| Actual overhead | $1,024,800 | |
| Estimated decorator hours | 40,000 | |
| Actual decorator hours | 39,800 |
The company uses the account Operating Overhead in place of
Manufacturing Overhead and the account Service Contracts in Process
in place of Work in Process.
(a)
Compute the predetermined overhead rate.
| Predetermined overhead rate |
$Type your answer here |
Homework Answers
| Predetermined overhead rate = Estimated manufacturing overhead/Estimated decorator hours |
| Predetermined overhead rate = (1000000/40000) |
| Predetermined overhead rate = $ 25/. |
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Tombert Decorating uses a job order cost system to collect the
costs of its interior decorating...
Bramble Decorating uses a job order cost system to collect the costs of its interior decorating...
Bramble Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $1,000,000 Actual overhead $994,800 Estimated decorator hours 40,000 Actual decorator hours 38,000 The company uses the account Operating Overhead in place of Manufacturing Overhead and the account Service Contracts in...
E13 Tombert Decorating uses a job order cost system to collect the costs of its interior...
E13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client’s consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $960,000 Actual overhead $982,800 Estimated decorator hours 40,000 Actual decorator hours 40,500 The company uses Operating Overhead in place of Manufacturing Overhead. Instructions (a) Compute the predetermined overhead rate....
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating...
Tombert Decorating uses a job order cost system to collect the
costs of its interior decorating business. Each client’s
consultation is treated as a separate job. Overhead is applied to
each job based on the number of decorator hours incurred. Listed
below are data for the current year.
Estimated overhead
$990,000
Actual overhead
$1,073,800
Estimated decorator hours
40,000
Actual decorator hours
40,200
The company uses Operating Overhead in place of Manufacturing
Overhead.
Prepare the entry to apply the overhead for...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...
Exercise 15-13
Tombert Decorating uses a job order cost system to collect the
costs of its interior decorating business. Each client’s
consultation is treated as a separate job. Overhead is applied to
each job based on the number of decorator hours incurred. Listed
below are data for the current year.
Estimated overhead
$1,000,000
Actual overhead
$1,014,800
Estimated decorator hours
40,000
Actual decorator hours
40,200
The company uses Operating Overhead in place of Manufacturing
Overhead.
Compute the predetermined overhead rate.
Predetermined...
View Policies Current Attempt in Progress Tombert Decorating uses a job order cost system to collect...
View Policies Current Attempt in Progress Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year, Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1.058,800 40,000 41.500 The company uses the account Operating Overhead in place of Manufacturing Overhead...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate fob. Overhead is a current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,058,800 40,000 41,500 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate per decorator hour or decorating business. Each client's consultation is treated as a separate Job...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,050,000 $1,039,800 40,000 39,500 The company uses Operating Overhead in place of Manufacturing Overhead and it uses Service Contracts in...
Please explain what is wrong here Tombert Decorating uses a job order cost system to collect...
Please explain what is wrong here
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhea applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,073,800 40,000 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is...
E15.13 Pure Decorating uses a job order cost system to collect the costs of its interior...
E15.13 Pure Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $920,000 $942,800 40,000 40,500 The company uses Operating Overhead in place of Manufacturing Overhead Instructions (a) Compute the predetermined overhead rate....
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each dlient's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $990,000 $1,072,800 40,000 40,600 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is incorrect. Try again....
Tombert Decorating uses a job order cost system to collect the
costs of its interior decorating business. Each client’s
consultation is treated as a separate job. Overhead is applied to
each job based on the number of decorator hours incurred. Listed
below are data for the current year.
Estimated overhead
$990,000
Actual overhead
$1,073,800
Estimated decorator hours
40,000
Actual decorator hours
40,200
The company uses Operating Overhead in place of Manufacturing
Overhead.
Prepare the entry to apply the overhead for...
Exercise 15-13
Tombert Decorating uses a job order cost system to collect the
costs of its interior decorating business. Each client’s
consultation is treated as a separate job. Overhead is applied to
each job based on the number of decorator hours incurred. Listed
below are data for the current year.
Estimated overhead
$1,000,000
Actual overhead
$1,014,800
Estimated decorator hours
40,000
Actual decorator hours
40,200
The company uses Operating Overhead in place of Manufacturing
Overhead.
Compute the predetermined overhead rate.
Predetermined...
View Policies Current Attempt in Progress Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year, Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1.058,800 40,000 41.500 The company uses the account Operating Overhead in place of Manufacturing Overhead...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate fob. Overhead is a current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,058,800 40,000 41,500 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate per decorator hour or decorating business. Each client's consultation is treated as a separate Job...
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,050,000 $1,039,800 40,000 39,500 The company uses Operating Overhead in place of Manufacturing Overhead and it uses Service Contracts in...
Please explain what is wrong here
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhea applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1,073,800 40,000 40,200 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is...
E15.13 Pure Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $920,000 $942,800 40,000 40,500 The company uses Operating Overhead in place of Manufacturing Overhead Instructions (a) Compute the predetermined overhead rate....
Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each dlient's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $990,000 $1,072,800 40,000 40,600 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is incorrect. Try again....
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