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Save & Exit Lowden Company has a predetermined overhead rate of 160% and allocates overhead based...
Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material...
Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct material cost is $50,000 and direct labor cost $80,000. Determine the amount of overhead Lowden Company should record in the current period. Select one: A. $208,000. B. $80,000 C. $31,250. o D. $50,000 0 E. $128,000.
Lowden Company has an overhead application rate of 161% and allocates overhead based on direct material...
Lowden Company has an overhead application rate of 161% and allocates overhead based on direct material cost. During the current period, direct labor cost is $62,000 and direct materials used cost $78,000. Determine the amount of overhead Lowden Company should record in the current period. Multiple Choice Ο $62,000. Ο $48,447. Ο $38,509. Ο $78,000. Ο $125,580.
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and • $3,400 of direct labor In April, the job required an...
E o Saved Help Save & Exit Submit A manufacturing uses a predetermined overhead rate of...
E o Saved Help Save & Exit Submit A manufacturing uses a predetermined overhead rate of $19.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $246,390 of total manufacturing overhead for an estimated activity level of 12,900 direct labor-hours. The company actually incurred $245,000 of manufacturing overhead and 12,400 direct labor hours during the period. 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied...
Apple Tree Enterprises allocated overhead based on direct material cost and has a predetermined overhead rate...
Apple Tree Enterprises allocated overhead based on direct material cost and has a predetermined overhead rate of 161%. During the current period, direct labor cost is $62,000 and direct materials cost is $78,000. In the current period, determine the amount of overhead to be applied by Apple Tree Enterprises. Multiple Choice Ο Ο S78,000. Ο $62,000. Ο $125,580. Ο Ο $48,447. Ο $38,509.
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...
22) Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...
22) Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year: Direct materials $ 1,000 Direct labor $ 3,000 Sales commissions $ 4,000 Salary of production supervisor $ 2,000 Indirect materials $ 400 Advertising expense $ 800 Rent on factory equipment $ 1,000 Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per...
A company uses normal costing. It allocates manufacturing overhead using a predetermined rate based on the number...
A company uses normal costing. It allocates manufacturing overhead using a predetermined rate based on the number of direct labor hours incurred. The following data is available for 2019: Budgeted manufacturing overhead costs = $2,000,000 Budgeted direct labor hours = 200,000 Actual manufacturing overhead costs = $2,100,000 Actual direct labor hours = 190,000 Based on this information, would manufacturing overhead be over- or under-allocated?
Saved 1 Help Save & Ein A manufacturing uses a predetermined overhead rate of $19.50 per...
Saved 1 Help Save & Ein A manufacturing uses a predetermined overhead rate of $19.50 per direct labor-hour. This predetermined rate was based on a cout formula that estimates $259,350 of total manufacturing overhead for an estimated activity level of 3,300 direct labor hours The company actually incurred $253,000 of manufacturing overhead and 12,800 direct labor hours during the period 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period 2. Assume that the company's underapplied or...
ohnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct...
ohnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 81,000 and estimated factory overhead is $486,000. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished. September 1, inventories Materials inventory $ 9,200 Work-in-process inventory (All Job A) 34,600 Finished goods inventory...
Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct material cost is $50,000 and direct labor cost $80,000. Determine the amount of overhead Lowden Company should record in the current period. Select one: A. $208,000. B. $80,000 C. $31,250. o D. $50,000 0 E. $128,000.
Lowden Company has an overhead application rate of 161% and allocates overhead based on direct material cost. During the current period, direct labor cost is $62,000 and direct materials used cost $78,000. Determine the amount of overhead Lowden Company should record in the current period. Multiple Choice Ο $62,000. Ο $48,447. Ο $38,509. Ο $78,000. Ο $125,580.
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and • $3,400 of direct labor In April, the job required an...
E o Saved Help Save & Exit Submit A manufacturing uses a predetermined overhead rate of $19.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $246,390 of total manufacturing overhead for an estimated activity level of 12,900 direct labor-hours. The company actually incurred $245,000 of manufacturing overhead and 12,400 direct labor hours during the period. 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied...
Apple Tree Enterprises allocated overhead based on direct material cost and has a predetermined overhead rate of 161%. During the current period, direct labor cost is $62,000 and direct materials cost is $78,000. In the current period, determine the amount of overhead to be applied by Apple Tree Enterprises. Multiple Choice Ο Ο S78,000. Ο $62,000. Ο $125,580. Ο Ο $48,447. Ο $38,509.
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...
Saved 1 Help Save & Ein A manufacturing uses a predetermined overhead rate of $19.50 per direct labor-hour. This predetermined rate was based on a cout formula that estimates $259,350 of total manufacturing overhead for an estimated activity level of 3,300 direct labor hours The company actually incurred $253,000 of manufacturing overhead and 12,800 direct labor hours during the period 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period 2. Assume that the company's underapplied or...
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