Vaughn Manufacturing thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1350000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1400000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12? $70000 $1400 $67500 $1350
Answer : $ 67,500
Predetermined Overhead rate = Estimated overhead / Budgeted Machine hours = 1,350,000 / 20,000 = 67.5 Per MH
Overhead cost Allocated to Job B12 = 67.50 PEr hors * 1000 MH = $ 67,500 (Answer)
Vaughn Manufacturing thinks machine hours is the best activity base for its manufacturing overhead. The estimate...
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
$80000
$77500
$1600
$1550
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Sunland Manufacturing thinks that the best activity base for its manufacturing overhead is machine hours. The estimate of annual overhead costs is $720000. The company used 1000 hours of processing for Job A15 during the period and incurred actual overhead costs of $740000. The budgeted machine hours for the year totaled 20000. What amount of manufacturing overhead should be applied to Job A15? A. $36000. B. $740. C. $720. D. $37000.
Starlight, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $4,200,000. The company used 3,000 hours of processing on Job No. E20 during the period and incurred overhead costs totaling $4,620,000. The budgeted machine hours for the year totaled 210,000. How much overhead should be applied to Job No. E20? O $60,000 $6,000 O $420,000 O $66,000 Question 11 5 pts ΙΑΙ 3
Clinton Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,175,000. The company used 1,500 hours of processing on Job No. 12 during the period and incurred overhead costs totaling $1,200,000. The budgeted machine hours for the year totaled 25,000 How much overhead should be applied to Job No. 12? Select one: A. $70,500 B. $1,000 C. $56,400 D. $979 E. None of the above During...
HiTech, Inc. selected machine hours as the activity base. The estimate of annual overhead costs for its jobs was $1,175,000. The company used 1,200 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1,200,000. The budgeted machine hours for the year totaled 25,000. As such, how much overhead should be applied to Job No. B12? Select one: a. $56,400 b. $ 979 c. $58,800 d. $ 1,000 e. $57,600
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Vaughn Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $283,725 for the year, and machine usage is estimated at 126,100 hours. For the year, $303,850 of overhead costs are incurred and 130,200 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ per machine hour SHOW LIST OF ACCOUNTS What is the amount of under- or...