Homework Answers
| Predtermined Overhead Rate | |||||||
| Choose Numerator: | / | Choose Denominator: | = | Rate | |||
| Total Overhead Cost | / | Direct Materials cost | = | Rate | |||
| $1,170,000 | / | $900,000 | = | $1.30 per 1$ of direct material cost | |||
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QS 19-8 Predetermined overhead rate LO P3 At the beginning of a year, a company predicts...
QS 15-7 Applying overhead LO P3 At the beginning of the year, a company predicts total overhead costs of $710,400....
QS 15-7 Applying overhead LO P3 At the beginning of the year, a company predicts total overhead costs of $710,400. The company applies overhead using machine hours and estimates it will use 1,480 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 21 machine hours during January? Overhead applied to Job 65A
Chapter 15 Homework Savet Su Check my work At the beginning of a year a company...
Chapter 15 Homework Savet Su Check my work At the beginning of a year a company predicts total Grect materials costs of $100.000 and total overhead costs of $1280.000 the company was direct materials costs as its activity base to allocate overhead what is the predetermined overhead rate it should use during the year? Choose to Precebeme hed robe choose Denominator
Exercise 15-11 Overhead rate; costs assigned to jobs LO P3 Shire Computer's predetermined overhead rate is...
Exercise 15-11 Overhead rate; costs assigned to jobs LO P3 Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $636,000 of overhead costs and $530,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by...
Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the...
Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $390,000, and direct materials costs, $300,000. At year-end, the company's records show that actual overhead costs for the year are $663,700. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total...
At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the...
At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: overhead costs $510,000, and direct materials costs, $300,000. At year-end, the company's records show that actual overhead costs for the year are $948.200. Actual direct materials cost had been assigned to jobs as follows. $410,000 Jobs completed and sold Jobs in Finished goods Inventory Jobs in work in process inventory Total actual direct materials cost 59.000 $552.000 1. Determine the predetermined...
I need help with the whole question with a solution and explanation Please and Thank you....
I need help with the whole question with a solution and
explanation Please and Thank you.
Chapter 15 Homework Help Save & Exit Submit Check my work At the beginning of a year, a company predicts total direct materials costs of $1,090,000 and total overhead costs of $1,210,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year? 4.44 points Predetermined overhead rate Choose...
Chap 15 Homework At the beginning of the year, Custom Mfg. established its predetermined overhead rate...
Chap 15 Homework At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions overhead costs, $300,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $841600 Actual direct materials cost had been assigned to jobs as follows 12.5 points Jobs completed and sold Jobs in inghed goods Inventory Jobs in work in process inventory Total actual direct materials cost 57,000 5555.00...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,160,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,494,300. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 85,000 57.000 $512,000 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $640,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,614,600. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 81,000 51,000 $502,000 1. Determine the...
Exercise 15-17 Overhead rate calculation, allocation, and analysis LO P3 Moonrise Bakery applies factory overhead based...
Exercise 15-17 Overhead rate calculation, allocation, and analysis LO P3 Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year: direct materials costs, $700,000; direct labor costs, $3,500,000; and factory overhead costs applied, $2,100,000. 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $76,000 ending Work in Process Inventory account for the year had $25,000 of direct labor costs, determine the inventory's direct materials costs....
QS 15-7 Applying overhead LO P3 At the beginning of the year, a company predicts total overhead costs of $710,400. The company applies overhead using machine hours and estimates it will use 1,480 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 21 machine hours during January? Overhead applied to Job 65A
Chapter 15 Homework Savet Su Check my work At the beginning of a year a company predicts total Grect materials costs of $100.000 and total overhead costs of $1280.000 the company was direct materials costs as its activity base to allocate overhead what is the predetermined overhead rate it should use during the year? Choose to Precebeme hed robe choose Denominator
Exercise 15-11 Overhead rate; costs assigned to jobs LO P3 Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $636,000 of overhead costs and $530,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by...
Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $390,000, and direct materials costs, $300,000. At year-end, the company's records show that actual overhead costs for the year are $663,700. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total...
At the beginning of the year, Custom Mfg established its predetermined overhead rate by using the following cost predictions: overhead costs $510,000, and direct materials costs, $300,000. At year-end, the company's records show that actual overhead costs for the year are $948.200. Actual direct materials cost had been assigned to jobs as follows. $410,000 Jobs completed and sold Jobs in Finished goods Inventory Jobs in work in process inventory Total actual direct materials cost 59.000 $552.000 1. Determine the predetermined...
I need help with the whole question with a solution and
explanation Please and Thank you.
Chapter 15 Homework Help Save & Exit Submit Check my work At the beginning of a year, a company predicts total direct materials costs of $1,090,000 and total overhead costs of $1,210,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year? 4.44 points Predetermined overhead rate Choose...
Chap 15 Homework At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions overhead costs, $300,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $841600 Actual direct materials cost had been assigned to jobs as follows 12.5 points Jobs completed and sold Jobs in inghed goods Inventory Jobs in work in process inventory Total actual direct materials cost 57,000 5555.00...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $1,160,000, and direct materials costs, $400,000. At year-end, the company's records show that actual overhead costs for the year are $1,494,300. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 85,000 57.000 $512,000 1. Determine the...
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $640,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,614,600. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $370,000 81,000 51,000 $502,000 1. Determine the...
Exercise 15-17 Overhead rate calculation, allocation, and analysis LO P3 Moonrise Bakery applies factory overhead based on direct labor costs. The company incurred the following costs during the year: direct materials costs, $700,000; direct labor costs, $3,500,000; and factory overhead costs applied, $2,100,000. 1. Determine the company's predetermined overhead rate for the year. 2. Assuming that the company's $76,000 ending Work in Process Inventory account for the year had $25,000 of direct labor costs, determine the inventory's direct materials costs....
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