Homework Answers
Total variable overhead estimated=($2*Estimated direct labor hours)
=($2*55000)=$110,000
Total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated
=(110,000+201,000)=$311000
Predetermined overhead rate=Total overhead estimated/Estimated direct labor hours
=311000/55000
=$5.65(Approx)
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Assume (1) estimated fixed manufacturing overhead for the coming period of $201,000, (2) estimated variable manufacturing...
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Assume (1) actual machine-hours worked during the period of 54,000 hours, (2) estimated machine-hours to be...
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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...
Harris Fabrics computes its plantwide predetermined overhead
rate annually on the basis of direct labor-hours. At the beginning
of the year, it estimated that 34,000 direct labor-hours would be
required for the period’s estimated level of production. The
company also estimated $505,000 of fixed manufacturing overhead
cost for the coming period and variable manufacturing overhead of
$2.00 per direct labor-hour. Harris’s actual manufacturing overhead
cost for the year was $638,351 and its actual total direct labor
was 34,500 hours.
Exercise...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
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Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of...
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Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
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Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the...
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16) Assigning manufacturing overhead to a specific job is complicated by all of the below except:...
16) Assigning manufacturing overhead to a specific job is complicated by all of the below except: A) Manufacturing overhead is an indirect cost that is either impossible or difficult to trace to a particular job. B) Manufacturing overhead is incurred only to support some jobs. C) Manufacturing overhead consists of both variable and fixed costs. D) The average cost of actual fixed manufacturing overhead expenses will vary depending on how many units are produced in a period. 17) Which of...
Assume (1) actual machine-hours worked during the period of 54,000 hours, (2) estimated machine-hours to be worked during the coming period of 55,000 hours, (3) manufacturing overhead applied to production during the period of $132,000, and (4) estimated variable manufacturing overhead per machine-hour of $215. The estimated fixed manufacturing overhead cost is closest to: Multiple Choice $313,750 O $315,000 O $221750 O $318,050 < Prev 18 of 26 !!! Next >
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Estimated manufacturing overhead for the year Estimated direct labor hours for the year $55,000 2,200 Two jobs were worked on during the year: Job A-101 and Job A-102. The number of direct labor hours spent on Job A-101 and Job A-102 were 1,300 and 3,000, respectively. The actual manufacturing overhead was $59,000. What is the predetermined manufacturing overhead rate per direct labor hour for the year? Multiple Choice...
Assume (1) actual machine-hours worked during the period of 54,000 hours, (2) estimated machine-hours to be worked during the period of 54,700 hours, (3) manufacturing overhead applied to production during the period of $432,000, and (4) estimated fixed manufacturing overhead of $330,000 per period. The estimated total manufacturing overhead cost for the period is closest to: Multiple Choice $426,472 $432 472 $437,600 < Prev 18 of 26 !!! Multiple Choice $455,000 $405,000 $430,000 $480,000
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor- hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have...
Harris Fabrics computes its plantwide predetermined overhead
rate annually on the basis of direct labor-hours. At the beginning
of the year, it estimated that 34,000 direct labor-hours would be
required for the period’s estimated level of production. The
company also estimated $505,000 of fixed manufacturing overhead
cost for the coming period and variable manufacturing overhead of
$2.00 per direct labor-hour. Harris’s actual manufacturing overhead
cost for the year was $638,351 and its actual total direct labor
was 34,500 hours.
Exercise...
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 $239,700 and 4,690 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $241,000 and actual direct labor-hours were 4,650. The predetermined overhead rate for the year was closest to: Multiple Choice $51.39 O $50.67 $51.11 O $51.83
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 96,000 Total fixed manufacturing overhead cost $499,200 Variable manufacturing overhead per direct labor-hour $ 2.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 100 100 $ 640 $9,600 The...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
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