Since overhead has been overapplied;hence applied overhead is greater than actual overhead
Hence applied overhead=(910,000+53275)=$963275
Applied overhead=Predetermined overhead rate*Actual direct labor hours
963275=Predetermined overhead rate*36350
Predetermined overhead rate=963275/36350
=$26.5 per direct labor hour
Predetermined overhead rate=Estimated overhead/Estimated direct labor hours
Estimated direct labor hours=(955325/26.5)
=36050 direct labor hours
26 At the beginning of the year, manufacturing overhead for the year was estimated to be...
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor-hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been:...
At the beginning of the year, manufacturing overhead for the year was estimated to be $802,125. At the end of the year, actual direct labor- hours for the year were 36,270 hours, the actual manufacturing overhead for the year was $775,000, and manufacturing overhead for the year was overapplied by $41,075. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,500 and 9,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $85,612 overapplied $84,912 underapplied $85,612 underapplied $84,912 overapplied
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,940 hours and the total estimated manufacturing overhead was $530,948. At the end of the year, actual direct labor-hours for the year were 21,850 hours and the actual manufacturing overhead for the year was $530,948. Overhead at the end of the year was: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice $2,228 underapplied $2,178 underapplied $2,178 overapplied...
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,960 hours and the total estimated manufacturing overhead was $535,824. At the end of the year, actual direct labor-hours for the year were 21,900 hours and the actual manufacturing overhead for the year was $535,824. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,514 overapplied $1,514 underapplied $1,464 underapplied...
Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 21,880 hours and the total estimated manufacturing overhead was $516,368. At the end of the year, actual direct labor-hours for the year were 21700 hours and the actual manufacturing overhead for the year was $516,368. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $4298 overapplied $4,298 underapplied O...
TB MC Qu. 3-165 Baka Corporation applies manufacturing overhead ... Baka Corporation applies manufacturing overhead on the basis of direct labor- hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,800 and 9,80 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,400 and actual direct labor-hours were 6,300. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $87,426...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $241,800 and 6,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,400 and actual direct labor-hours were 5,300. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $264,894 $189,687 $188,468 $243,376
19 Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $240,300 and 5,300 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,400 and actual direct labor-hours were 4,800. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $239,664 $217,632 $242,400 $219,552
1. The journal entry to record applying overhead during the
production process is:
2. Baka Corporation applies
manufacturing overhead on the basis of direct labor-hours. At the
beginning of the most recent year, the company based its
predetermined overhead rate on total estimated overhead of $239,700
and 4,740 estimated direct labor-hours. Actual manufacturing
overhead for the year amounted to $242,000 and actual direct
labor-hours were 4,670.
The predetermined overhead rate for the year was closest to:
3. Baka Corporation applies...