Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of $3.50...
Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of $3.50 per machine hour. Star Company worked 45,000 machine hours during the period. Star’s manufacturing overhead is
Select one:
a. $27,500 overapplied
b. $27,500 underapplied
c. $28,500 overapplied
d. $28,500 underapplied
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Star Company had actual manufacturing overhead costs of $130,000
and a predetermined overhead rate of $3.50...
Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of $3.50...
Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of $3.50 per machine hour Star Compa during the period. Star's manufacturing overhead is Select one O a $27,500 overapplied O b. $28,500 overapplied O c. $27,500 underapplied O d. $28,500 underapplied Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of during the period. Star's manufacturing overhead is Select one: O a $27,500 overapplied b. $28,500 overapplied c. $27,500 underapplied...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 61,000 actual direct labor-hours and incurred $552,000 of actual manufacturing overhead cost. The company had estimated that it would work 62,000 direct labor-hours during the year and incur $465,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice overapplied by $94,500 underapplied by...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa$ manufacturing overhead underapplied or overapplied for the Select one: a. $2,250 underapplied b. $2,250 overapplied С. $15,000 underapplied d. $15,000 overapplied At the...
Osborn Manufacturing uses a predetermined overhead rate of $19.50 per direct labor-hour. This predetermined rate was...
Osborn Manufacturing uses a predetermined overhead rate of $19.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $259,350 of total manufacturing overhead for an estimated activity level of 13,300 direct labor-hours. The company incurred actual total manufacturing overhead costs of $253,000 and 12,800 total direct labor-hours during the period. Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. Manufacturing overhead overapplied/underapplied (choose one) by ________. 2. Assuming that the...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on...
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were! Actual manufacturing overhead cost incurred Actual direct labor-hours worked $38,000 18,500 The overapplied or underapplied manufacturing for the year was: Multiple Choice $3,000 underapplied $1,000 underapplied $1,000 overapplied $3.000 overapplied
Tiger, Inc. had actual manufacturing overhead costs of $5,866,000 and a predetermined overhead rate of $28.50...
Tiger, Inc. had actual manufacturing overhead costs of $5,866,000 and a predetermined overhead rate of $28.50 per direct labor hour. Tiger, Inc. worked 204,282 direct labor hours during the period. Calculate the over/under applied manufacturing overhead. Indicate amount and whether it was over or under applied. Use "Over Applied" or "Under Applied" Calculation Amount Over/Under Applied $ Record the journal entry to adjust COGS for the over/under applied MOH. Use these accounts: COGS, Manufacturing Overhead journal entry Debit Accounts Credit
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This predetermined rate was...
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $252,830 of total manufacturing overhead for an estimated activity level of 13,100 direct labor-hours. The company actually incurred $249,000 of manufacturing overhead and 12,600 direct labor-hours during the period. ints Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost...
EXERCISE 2-7 Underapplied and Overapplied Overhead [LO2-7] Osborn Manufacturing uses a predetermined overhead rate of $18.20...
EXERCISE 2-7 Underapplied and Overapplied Overhead [LO2-7] Osborn Manufacturing uses a predetermined overhead rate of $18.20 per direct labor-hour. This predeter- mined rate was based on a cost formula that estimates $218,400 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $215,000 and 11,500 total direct labor-hours during the period. Required . Determine the amount of underapplied or overapplied manufacturing overhead for the period.
Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of $3.50 per machine hour Star Compa during the period. Star's manufacturing overhead is Select one O a $27,500 overapplied O b. $28,500 overapplied O c. $27,500 underapplied O d. $28,500 underapplied Star Company had actual manufacturing overhead costs of $130,000 and a predetermined overhead rate of during the period. Star's manufacturing overhead is Select one: O a $27,500 overapplied b. $28,500 overapplied c. $27,500 underapplied...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 61,000 actual direct labor-hours and incurred $552,000 of actual manufacturing overhead cost. The company had estimated that it would work 62,000 direct labor-hours during the year and incur $465,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice overapplied by $94,500 underapplied by...
year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa$ manufacturing overhead underapplied or overapplied for the Select one: a. $2,250 underapplied b. $2,250 overapplied С. $15,000 underapplied d. $15,000 overapplied At the...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were! Actual manufacturing overhead cost incurred Actual direct labor-hours worked $38,000 18,500 The overapplied or underapplied manufacturing for the year was: Multiple Choice $3,000 underapplied $1,000 underapplied $1,000 overapplied $3.000 overapplied
Tiger, Inc. had actual manufacturing overhead costs of $5,866,000 and a predetermined overhead rate of $28.50 per direct labor hour. Tiger, Inc. worked 204,282 direct labor hours during the period. Calculate the over/under applied manufacturing overhead. Indicate amount and whether it was over or under applied. Use "Over Applied" or "Under Applied" Calculation Amount Over/Under Applied $ Record the journal entry to adjust COGS for the over/under applied MOH. Use these accounts: COGS, Manufacturing Overhead journal entry Debit Accounts Credit
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $252,830 of total manufacturing overhead for an estimated activity level of 13,100 direct labor-hours. The company actually incurred $249,000 of manufacturing overhead and 12,600 direct labor-hours during the period. ints Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost...
EXERCISE 2-7 Underapplied and Overapplied Overhead [LO2-7] Osborn Manufacturing uses a predetermined overhead rate of $18.20 per direct labor-hour. This predeter- mined rate was based on a cost formula that estimates $218,400 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $215,000 and 11,500 total direct labor-hours during the period. Required . Determine the amount of underapplied or overapplied manufacturing overhead for the period.
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