Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and...
Manufacturing overhead is estimated to be $400,000 for the year, actual manufacturing overhead is $415,000, and actual labor hours are 21,000. (T of F) If the amount of manufacturing overhead applied to production is $420,000, and the firm applies overhead using direct labor hours, then the estimated number of direct labor hours is $25,000. True False
Given the information shown below answer the questions below: Actual manufacturing overhead Estimated manufacturing overhead Actual direct materials cost Estimated direct materials cost Actual direct labor cost Estimated direct labor cost Estimated machine hours Actual machine hours $2,100,000 $2,000,000 $400,000 $380,000 $420,000 $450,000 4,000 4,300 Calculate the predetermined factory overhead rate using machine hours as a cost driver. Calculate the predetermined factory overhead rate using direct labor cost as a . cost driver. Would overhead be overapplied or underapplied given...
Manufacturing overhead was estimated to be $375,000 for the year along with 25,000 direct labor hours. Actual manufacturing overheed was $368,750, actual labor hours were 26,000. The amount of manufacturing overhead applied to production would be: O $368.75 $375.000 O $383.500o O $390.000o
Manufacturing overhead was estimated to be $448,800 for the year along with 20,400 direct labor hours. Actual manufacturing overhead was $409,020, and actual labor hours were 21,400. The amount of manufacturing overhead applied to production would be: Multiple Choice $470,800. $486,850. $448,800. $409,020.
Manufacturing overhead was estimated to be $380,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $395.000 and actual direct labor hours were 22,300. The amount of manufacturing overhead applied to production would be: Multiple Choice Ο Ο 5423700 Ο 5380,000 Ο Ο 5395,000. Ο Ο 5219,500.
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual manufacturing overhead costs for the year Estimated direct labor hours for the year Actual direct labor hours for the year $254,000 $202,000 50,000 35,000 Alpha uses normal costing and applies overhead on the basis of direct labor hours. The predetermined overhead rate of Alpha Company is: a. $7.3 per hour. b. $4.0 per hour. c. $5.1 per hour. d. $8.8 per hour.
Saved Help Save & Exit Sub Manufacturing overhead was estimated to be $322,000 for the year along with 23,000 direct labor hours. Actual manufacturing overhead was $339,250 and actual labor hours were 25,500. The amount of manufacturing overhead applied to production would bei Multiple Choice 5322.000 $376,125 5357.000 $339.250
3. Cartwright Company estimates that annual manufacturing overhead costs will be $380,000 Estimated annual operating activity bases are: direct labor cost $175,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $387,500 and the actual direct labor cost for the year was $172,000. Actual direct labor hour:s totaled 38,500 and machine hours totaled 79,000. Cartwright applies overhead based on direct labor hours a. Compute the predetermined overhead rate per direct labor hour....
Colby Company estimates that annual manufacturing overhead costs will be $600,000. Estimated annual operating activity bases are: direct labor cost $460,000, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $601,000 and the actual direct labor cost for the year was $456,000. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Colby applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing...
The predetermined overhead rate is determined as: Estimated overhead costs divided by estimated allocation base (eg direct labor hours) Actual overhead cost divided by estimated allocation base (eg direct labor hours) Estimated overhead Costs divided by actual allocation base (eg actual direct labor hours) actual overhead costs divided by actual allocation base (eg actual direct labor hours) Do not cost their services using job costing techniques True O False The beginning in Finished Goods Inventory is $50,000, the ending balance...