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4-34 Proration of overhead. (Z. Iqbal, adapted) The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The follow- ing data are for 2011: Budgeted manufacturing overhead costs $4,800,000 Overhead allocation base Machine-hours Budgeted machine-hours 80,000 Manufacturing overhead costs incurred $4,900,000 Actual machine-hours 75,000 Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Cost of Goods Sold Finished Goods Control Work-in-Process Control...
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4-39 Proration of overhead. (Z. Iqbal, adapted) The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The fol- lowing data are for 2017: Budgeted manufacturing overhead costs $4,800,000 Overhead allocation base Machine-hours Budgeted machine-hours 80,000 Manufacturing overhead costs incurred $4,900,000 Actual machine-hours 75,000 Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Cost of Goods Sold Finished Goods Control Work-in-Process Control...
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3 The Hauty Radiator Company uses a normal costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base The following data are for 2017 Click the icon to view the following data) Read the requirements Requirement 1. Compute the budgeted manufacturing overhead rate for 2017 Begin by selecting the formula you will use. Then, enter the amounts and calculate the rate Budgeted manufacturing overhead rate (1) (2) - Requirement 2. Compute the under or overallocated...
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4. The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2017: (Click the icon to view the following data.) Read the requirements Requirement 1. Compute the budgeted manufacturing overhead rate for 2017 Begin by selecting the formula you will use. Then, enter the amounts and calculate the rate. Budgeted manufacturing overhead 5,100,000 Budgeted machine-hours Budgeted manufacturing overhead rate $ 1 85,000 60 Requirement...
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The Wamth Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2017: (Click the icon to view the following data.) Read the requirements. i Data Table X Requirements Budgeted manufacturing overhead costs $ 4,900,000 Overhead allocation base Machine-hours Budgeted machine-hours 70,000 Manufacturing overhead costs incurred $ 5,100,000 Actual machine-hours 65,000 Machine-hours data and the ending balances (before proration of under-or overallocated overhead) are as follows:...
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The Hazy Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2017: (Click the icon to view the following data.) Read the requirements Cost of Goods Sold Finished Goods Control Work-in-Process Control After Proration 11,028,750 1,297,500 648,750 c. Dispose of the amount using a proration based on the overhead allocated in 2017 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and...
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3. Because the Goulburn Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200 000) was different from the actual amount incurred (5225 000). under allocation - DR - CR DR CR Ending balances in the relevant accounts are: Monuf. OH allocated control 200,000 25,000 Work in process $10 000 COGS Finished goods 20 000 Manut. Oh control 225,000 Cost of goods sold 170 000 What is the journal entry used to write off the difference...
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Ch4-44 Allocation and proration of overhead. Resource Room prints custom training material for corporations. The business was started January 1, 2017. The company uses a normal-costing system. It has two direct- cost pools, materials and labor, and one indirect-cost pool, overhead. Overhead is charged to printing jobs on the basis of direct labor cost. The following information is available for 2017 Budgeted direct labor costs $190,000 Budgeted overhead costs $266,000 Costs of actual material used 5158,000 Actual direct labor costs...
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1) Orpa Company produces non-motorized boats. Orpa uses a normal costing system and allocates manufacturing overhead costs using direct labor cost. The following data is for 2020:
Budgeted manufacturing overhead cost
$157,500
Budgeted direct manufacturing labor cost
$225,000
Actual manufacturing overhead cost
$172,000
Actual direct manufacturing labor cost
$250,000
Inventory balances on December 31, 2020 were:
Account
Ending Balance
2020 Direct Labor Hours used in ending balance
Work in Process
$70,000
3,000
Finished Goods
$235,000
7,500
Cost of Goods...
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Need Parts 5-7 answered
Ch4-44 Allocation and proration of overhead. Resource Room prints custom training material for corporations. The business was started January 1, 2017. The company uses a normal-costing system. It has two direct- cost pools, materials and labor, and one indirect-cost pool, overhead. Overhead is charged to printing jobs on the basis of direct labor cost. The following information is available for 2017 Budgeted direct labor costs $190,000 Budgeted overhead costs $266,000 Costs of actual material used 5158,000...
4-34 Proration of overhead. (Z. Iqbal, adapted) The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The follow- ing data are for 2011: Budgeted manufacturing overhead costs $4,800,000 Overhead allocation base Machine-hours Budgeted machine-hours 80,000 Manufacturing overhead costs incurred $4,900,000 Actual machine-hours 75,000 Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Cost of Goods Sold Finished Goods Control Work-in-Process Control...
4-39 Proration of overhead. (Z. Iqbal, adapted) The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The fol- lowing data are for 2017: Budgeted manufacturing overhead costs $4,800,000 Overhead allocation base Machine-hours Budgeted machine-hours 80,000 Manufacturing overhead costs incurred $4,900,000 Actual machine-hours 75,000 Machine-hours data and the ending balances (before proration of under- or overallocated overhead) are as follows: Cost of Goods Sold Finished Goods Control Work-in-Process Control...
3 The Hauty Radiator Company uses a normal costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base The following data are for 2017 Click the icon to view the following data) Read the requirements Requirement 1. Compute the budgeted manufacturing overhead rate for 2017 Begin by selecting the formula you will use. Then, enter the amounts and calculate the rate Budgeted manufacturing overhead rate (1) (2) - Requirement 2. Compute the under or overallocated...
4. The Zaf Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2017: (Click the icon to view the following data.) Read the requirements Requirement 1. Compute the budgeted manufacturing overhead rate for 2017 Begin by selecting the formula you will use. Then, enter the amounts and calculate the rate. Budgeted manufacturing overhead 5,100,000 Budgeted machine-hours Budgeted manufacturing overhead rate $ 1 85,000 60 Requirement...
The Wamth Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2017: (Click the icon to view the following data.) Read the requirements. i Data Table X Requirements Budgeted manufacturing overhead costs $ 4,900,000 Overhead allocation base Machine-hours Budgeted machine-hours 70,000 Manufacturing overhead costs incurred $ 5,100,000 Actual machine-hours 65,000 Machine-hours data and the ending balances (before proration of under-or overallocated overhead) are as follows:...
The Hazy Radiator Company uses a normal-costing system with a single manufacturing overhead cost pool and machine-hours as the cost-allocation base. The following data are for 2017: (Click the icon to view the following data.) Read the requirements Cost of Goods Sold Finished Goods Control Work-in-Process Control After Proration 11,028,750 1,297,500 648,750 c. Dispose of the amount using a proration based on the overhead allocated in 2017 (before proration) in the ending balances of Work-in-Process Control, Finished Goods Control, and...
3. Because the Goulburn Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200 000) was different from the actual amount incurred (5225 000). under allocation - DR - CR DR CR Ending balances in the relevant accounts are: Monuf. OH allocated control 200,000 25,000 Work in process $10 000 COGS Finished goods 20 000 Manut. Oh control 225,000 Cost of goods sold 170 000 What is the journal entry used to write off the difference...
Ch4-44 Allocation and proration of overhead. Resource Room prints custom training material for corporations. The business was started January 1, 2017. The company uses a normal-costing system. It has two direct- cost pools, materials and labor, and one indirect-cost pool, overhead. Overhead is charged to printing jobs on the basis of direct labor cost. The following information is available for 2017 Budgeted direct labor costs $190,000 Budgeted overhead costs $266,000 Costs of actual material used 5158,000 Actual direct labor costs...
1) Orpa Company produces non-motorized boats. Orpa uses a normal costing system and allocates manufacturing overhead costs using direct labor cost. The following data is for 2020:
Budgeted manufacturing overhead cost
$157,500
Budgeted direct manufacturing labor cost
$225,000
Actual manufacturing overhead cost
$172,000
Actual direct manufacturing labor cost
$250,000
Inventory balances on December 31, 2020 were:
Account
Ending Balance
2020 Direct Labor Hours used in ending balance
Work in Process
$70,000
3,000
Finished Goods
$235,000
7,500
Cost of Goods...
Need Parts 5-7 answered
Ch4-44 Allocation and proration of overhead. Resource Room prints custom training material for corporations. The business was started January 1, 2017. The company uses a normal-costing system. It has two direct- cost pools, materials and labor, and one indirect-cost pool, overhead. Overhead is charged to printing jobs on the basis of direct labor cost. The following information is available for 2017 Budgeted direct labor costs $190,000 Budgeted overhead costs $266,000 Costs of actual material used 5158,000...