Pristine Painting Services uses a job order cost system to collect the costs of its home...
Pristine Painting Services uses a job order cost system to
collect the costs of its home painting business. Each customer’s
house is treated as a separate job. Overhead is applied to each job
based on the number of painting hours required for each house.
Listed below are the data for the current year:
| Estimated overhead | $689,400 | |
| Actual overhead | $710,290 | |
| Estimated painting hours | 38,300 | |
| Actual painting hours | 39,600 |
Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
|
Account Titles and Explanation |
Debit |
Credit |
Homework Answers
Step 1:-
Calculate the predetermined overhead rate per hour = $689,400/38,300 hours = $18 per hour
Step 2:-
Calculate the applied overhead for the year :- $18 per hour * Actual painting hours
=$18 * 39,600 hours
Applied overhead = $712,800
Step 3:-
Record the journal entry
| 1.) | Work in Process | 712,800 | |
| To Manufacturing Overheads A/c | 712,800 | ||
| (To record the applied overheads for the year) |
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Pristine Painting Services uses a job order cost system to
collect the costs of its home...
Pristine Painting Services uses a job order cost system
Pristine Painting Services uses a job order cost system to collect the costs of its home painting
business. Each customer's house is treated as a separate job. Overhead is applied to each job
based on the number of painting hours required for each house. Listed below are the data for
the current year:
$780,000
$772,450
39,000
38,750
Estimated overhead
Actual overhead
Estimated painting hours
Actual painting hours
The company uses Operating Overhead in place of Manufacturing Overhead.
Instructions
(a)
(b)...
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...
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 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...
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 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....
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...
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 $960,000 $995,800 40,000 40,700 The company uses Operating Overhead in place of Manufacturing Overhead. x your answer is incorrect. Try...
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...
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...
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...
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 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...
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 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....
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...
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 $960,000 $995,800 40,000 40,700 The company uses Operating Overhead in place of Manufacturing Overhead. x your answer is incorrect. Try...
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...
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