10. Which of the following represents the factory overhead applied to a product? A) Predetermined factory...
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10. Which of the following represents the factory overhead applied to a product? A) Predetermined factory...
Which of the following mathematical equations is used to calculate a predetermined overhead rate? Oa. Predetermined...
Which of the following mathematical equations is used to calculate a predetermined overhead rate? Oa. Predetermined Overhead Rate - Estimated Annual Manufacturing Cost /Estimated Quarterly Activity Level Ob. Predetermined Overhead Rate - Estimated Annual Overhead / Actual Annual Activity Level Oc. Predetermined Overhead Rate Actual Annual Overhead / Actual Annual Activity Level Od. Predetermined Overhead Rate Estimated Annual Overhead/ Estimated Annual Activity Level e. Predetermined Overhead Rate Actual Annual Cost of Goods Sold /Estimated Semi-annual Labor Hours John has applied...
10_78_002. Dividing estimated total factory overhead costs by estimated activity base will give the a. underabsorbed...
10_78_002. Dividing estimated total factory overhead costs by estimated activity base will give the a. underabsorbed factory overhead rate b. predetermined factory overhead rate c. gyerabsorbed factory overhead rate d. actual factory overhead rate
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant...
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000. During February, the actual direct labor cost totaled $160,000, and factory overhead cost incurred totaled $283,900. a. What is the predetermined factory overhead rate based on direct labor cost? Enter...
Which one of the following is used to calculate the predetermined overhead rate? O applied overhead...
Which one of the following is used to calculate the predetermined overhead rate? O applied overhead costs actual overhead costs O predetermined overhead costs O estimated overhead costs Manufacturing overhead applied is added to direct labour incurred and what other item to equal total manufacturing costs for the period? O Work in process. O Direct materials used. O Goods available for sale. O Raw materials purchased.
What are the calculations for part B and C? 2. The Kuruvilla Company predicted factory overhead...
What are the calculations for part B and C?
2. The Kuruvilla Company predicted factory overhead for 2020 and 2021 would be $120,000 for 2021 would be $100,000. The predicted activity for 2020 and 2021 were 30,000 and 20,000 direct labor hours, respectively. Additional data are as follows: 2020 2021 Sales in units 25.000 25.000 Production in units 31.000 18.000 Selling price per unit $20 $20 Direct materials per unit $9 $9 Direct Labor per unit $10 $10 The actual...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $243,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $243,000 for the year. Direct labor hours are estimated to be 27,000. A. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ ------per direct labor hour B. During August, Darling Company accumulated 730 hours of direct labor costs on Job 40 and 510 hours on Job 42. Determine the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $378,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $378,000 for the year. Direct labor hours are estimated to be 27,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During August, Darling Company accumulated 500 hours of direct labor costs on Job 40 and 520 hours on Job 42. Determine the...
Calculator Print Item Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be...
Calculator Print Item Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $204,000 for the year. Direct labor hours are estimated to be 12,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. $ per direct labor hour b. During May, Jernigan Company accumulated 580 hours of direct labor costs on Job 200 and 700 hours on Job 305. Determine the amount of factory overhead applied to...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $68,000 for the...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $68,000 for the year. Direct labor hours are estimated to be 17,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour $ b. During May, Jernigan Company accumulated 720 hours of direct labor costs on Job 200 and 620 hours on Job 305. Determine the...
both questions plz Under job order costing, the predetermined overhead rate equals: Estimated overhead divided by...
both questions plz
Under job order costing, the predetermined overhead rate equals: Estimated overhead divided by the number of months in the period Actual overhead divided by actual direct labor hours Actual overhead minus estimated overhead Actual overhead multiplied by the actual activity level for a period Estimated overhead divided by the estimated activity level for a period D la 2 19 Under job order costing, the overhead variance is underapplied if: actual overhead is less than applied overhead O...
Which of the following mathematical equations is used to calculate a predetermined overhead rate? Oa. Predetermined Overhead Rate - Estimated Annual Manufacturing Cost /Estimated Quarterly Activity Level Ob. Predetermined Overhead Rate - Estimated Annual Overhead / Actual Annual Activity Level Oc. Predetermined Overhead Rate Actual Annual Overhead / Actual Annual Activity Level Od. Predetermined Overhead Rate Estimated Annual Overhead/ Estimated Annual Activity Level e. Predetermined Overhead Rate Actual Annual Cost of Goods Sold /Estimated Semi-annual Labor Hours John has applied...
10_78_002. Dividing estimated total factory overhead costs by estimated activity base will give the a. underabsorbed factory overhead rate b. predetermined factory overhead rate c. gyerabsorbed factory overhead rate d. actual factory overhead rate
Which one of the following is used to calculate the predetermined overhead rate? O applied overhead costs actual overhead costs O predetermined overhead costs O estimated overhead costs Manufacturing overhead applied is added to direct labour incurred and what other item to equal total manufacturing costs for the period? O Work in process. O Direct materials used. O Goods available for sale. O Raw materials purchased.
What are the calculations for part B and C?
2. The Kuruvilla Company predicted factory overhead for 2020 and 2021 would be $120,000 for 2021 would be $100,000. The predicted activity for 2020 and 2021 were 30,000 and 20,000 direct labor hours, respectively. Additional data are as follows: 2020 2021 Sales in units 25.000 25.000 Production in units 31.000 18.000 Selling price per unit $20 $20 Direct materials per unit $9 $9 Direct Labor per unit $10 $10 The actual...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $378,000 for the year. Direct labor hours are estimated to be 27,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During August, Darling Company accumulated 500 hours of direct labor costs on Job 40 and 520 hours on Job 42. Determine the...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $68,000 for the year. Direct labor hours are estimated to be 17,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour $ b. During May, Jernigan Company accumulated 720 hours of direct labor costs on Job 200 and 620 hours on Job 305. Determine the...
both questions plz
Under job order costing, the predetermined overhead rate equals: Estimated overhead divided by the number of months in the period Actual overhead divided by actual direct labor hours Actual overhead minus estimated overhead Actual overhead multiplied by the actual activity level for a period Estimated overhead divided by the estimated activity level for a period D la 2 19 Under job order costing, the overhead variance is underapplied if: actual overhead is less than applied overhead O...
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