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Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's...
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours For August, Tom's...
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours For August, Tom's budgeted overhead was $714.000 based on a budgeted volume of 68.000 machine hours. Actual overhead amounted to $773,500 with actual machine hours totaling 69.500 Required What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.) overhead
Tom’s Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom’s...
Tom’s Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom’s budgeted overhead was $609,500 based on a budgeted volume of 53,000 machine-hours. Actual overhead amounted to $520,000 with actual machine-hours totaling 45,500. Required: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.)
102. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply man overhead...
102. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply man overhead to jobs. For the month of October, Avery's estimated manufacturing overhead cost was based on an estimated activity level of 100,000 direct labor-hours. Actual overhead amounted with actual direct labor-hours totaling 110,000 for the month. How much was the overapplied or underapplied overhead? A. $25,000 overapplied B. $25,000 underapplied C. $5,000 overapplied D. $5,000 underapplied
Overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours...
Overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours were 18,500. Actual factory overhead was $287,920, actual machine-hours were 19,050. How much is the over- or underapplied overhead?
Alternate problem E Sullivan Company applied overhead to production using a predetermined overhead rate based on...
Alternate problem E Sullivan Company applied overhead to production using a predetermined overhead rate based on machine-hours. Budgeted data is: Budgeted machine-hours 75,000 Budgeted manufacturing overhead $870,000 a. Compute the predetermined overhead rate. b. Assume actual manufacturing overhead amounted to $997,500, and 86,000 machine-hours were used. Compute the amount of underapplied or overapplied manufacturing overhead and prepare the journal entry to transfer underapplied or overapplied overhead to Cost of Goods Sold.
Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs....
Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the month of August, Karvel estimated total manufacturing overhead costs at £300,000 and total machine-hours at 75,000 hours. Actual results for the period were manufacturing overhead costs of £290,000 and 75,000 machine-hours. As a result, Karvel would have: 1. applied more overhead to Work in Process than the actual amount of overhead cost for the year. 2. applied an amount of overhead to...
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...
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was...
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $267,840, budgeted machine-hours were 18,600. Actual factory overhead was $288,420, actual machine-hours were 19,150. How much is the over- or underapplied overhead? Multiple Choice $20,034 underapplied. $12,660 underapplied. $7,374 overapplied. $0.
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was...
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $269,280 budgeted machine hours were 18,700. Actual factory overhead was $288,920 actual machine were 19,250. How much is over or underapplied overhead? a. $6,826 overapplied b. $11,720 underapplied c. $0 d. $18,546 underapplied
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours For August, Tom's budgeted overhead was $714.000 based on a budgeted volume of 68.000 machine hours. Actual overhead amounted to $773,500 with actual machine hours totaling 69.500 Required What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.) overhead
102. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply man overhead to jobs. For the month of October, Avery's estimated manufacturing overhead cost was based on an estimated activity level of 100,000 direct labor-hours. Actual overhead amounted with actual direct labor-hours totaling 110,000 for the month. How much was the overapplied or underapplied overhead? A. $25,000 overapplied B. $25,000 underapplied C. $5,000 overapplied D. $5,000 underapplied
Alternate problem E Sullivan Company applied overhead to production using a predetermined overhead rate based on machine-hours. Budgeted data is: Budgeted machine-hours 75,000 Budgeted manufacturing overhead $870,000 a. Compute the predetermined overhead rate. b. Assume actual manufacturing overhead amounted to $997,500, and 86,000 machine-hours were used. Compute the amount of underapplied or overapplied manufacturing overhead and prepare the journal entry to transfer underapplied or overapplied overhead to Cost of Goods Sold.
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...
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