Marigold Corp. provided the following information from its
accounting records for 2019.
Expected production | 100000 labor hours |
Actual production | 96000 labor hours |
Budgeted overhead | $700000 |
Actual overhead | $670000 |
How much is the overhead application rate if Marigold Corp. bases
the rate on direct labor hours?
$6.98 per hour
$6.70 per hour
$7.29 per hour
$7.00 per hour
Marigold Corp. provided the following information from its accounting records for 2019. Expected production 100000 labor...
Jokic Company provided the following information from its accounting records for 2020: Estimated production 63,000 labor hours Actual production 68,000 labor hours Budgeted overhead $1,713,000 Actual overhead $1,741,000 Jokic bases its overhead application rate on direct labor hours. What is the overhead rate per labor hour (to the nearest penny)?
Question 24 Bramble provided the following information from its accounting records for 2020: Expected production Actual production Budgeted overhead Actual overhead 30100 labour hours 27200 labour hours $1471890 $1421890 How much is the overhead application rate if Bramble bases the rate on direct labour hours? $52.28 per direct labour hour O $47.24 per direct labour hour O $48.90 per direct labour hour O $54.11 per direct labour hour LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER...
Raab surgent Clinic provided the following information from its accounting records for 2014: Expected labour operations 32,000 labor hours Expected overhead $9,760,000 Labor hour cost $400 a. A Patient who was admitted in June costed $ 2,000 direct material and needed 12 operation hours. Calculate the total cost of that patient if Raab use labor hours as activity base to determine the manufacturing overhead. b. Calculate the total cost of that patient if Raab use labour cost as activity base...
Hurren Corporation makes a product with the following standard costs! Direct materials Direct labor Variable overhead Standard Quantity of Standard Price or Hours Rate 3.5 grams $7.00 per gram 1.0 hours $10.00 per hour 10 hours $7.00 per hour Standard Cost Per Unit $24.50 $10.00 $7.00 The company reported the following results concerning this product in J Originally budgeted output 1 Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials...
The following information was taken from the accounting records of the company Budgets Manufacturing Overhead $497,432 Actual Manufacturing overhead $418,798 Budgeted Direct Labor Hours $16,197 Actual Direct Labor Hours $17,584 The company uses a predetermined overhead rate based on direct labor hours, what would be the rate?
Crane Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $210000 $160000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2020, $700000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2020 for Crane Company is $910000. $650000. $860000. $560000.
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Jackson Inc. listed the following data for 2019 14 Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,287,000 82,500 44,000 1,201,100 86,400 39,500 Skipped Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined overhead rate for 2019 is (round calculations to 2 significant digits): Multiple Choice $15.93 per direct labor hour $14.39 per direct labor hour. $16.26 per direct labor hour. $15.60 per direct...
Jackson Inc. listed the following data for 2019: כ7 Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,256, 000 80,000 40,000 1,201,200 86,500 39,600 Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 (round calculations to 2 significant digits) is Multiple Choice $37.98 per machine hour $32.95 per machine hour $31.70 per machine hour. $28.33 per machine hour 31.40 per machine...
Desue Corporation makes a product with the following standards for labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct labor 0.1 hours $19.00 per hour $1.90 Variable overhead 0.1 hours $7.00 per hour $0.70 The company budgeted for production of 6,500 units in December, but actual production was 6,300 units. The company used 610 direct labor-hours to produce this output. The actual variable overhead rate was $6.40 per hour. The company applies...