The company you work for uses machine hours as an allocation base to allocate overhead to jobs. You also collect the following information:
| 1) Using estimated amount of the allocation base, calculate: | |||||||
| a) predetermined overhead rate | |||||||
| b) overhead would be applied to Job X | |||||||
| c) underapplied or overapplied overhead | |||||||
| 2) Using practical capacity amount of the allocation base, calculate: | |||||||
| a) predetermined overhead rate | |||||||
| b) overhead would be applied to Job X | |||||||
| c) underapplied or overapplied overhead | |||||||
| 3) Explain why underapplied/overapplied overhead is different under the two methods. | |||||||
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The company you work for uses machine hours as an allocation base to allocate overhead to jobs. You also collect the following information:
The company you work for uses machine hours as an allocation base to allocate overhead to jobs. You also collect the following information:
The company you work for uses machine hours as an allocation base to allocate overhead to jobs. You also collect the following information:Estimated use 47,500m-hPractical capacity 50,000m-hActual usage 46,850m-hFixed manufacturing overhead* $ 1,258,400 *All manufacturing overhead is fixedMachine hours required for Job X55m-h1) Using estimated amount of the allocation base, calculate:a) predetermined overhead rateb) overhead would be applied to Job Xc) underapplied or overapplied overhead2) Using practical capacity amount of the allocation base, calculate:a) predetermined overhead rateb) overhead would be applied to ...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base...
Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied manufacturing overhead Actual manufacturing overhead cost ? Manufacturing overhead cost applied to Work in Process during the...
Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount...
Chapter 3: Applying Excel Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 60,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Enter a formula into each of the cells marked with a ? below Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $184,800 to $193,500. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 4 5 6 7 8 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
Given the following data, answer the questions below the table: ------------------------------------------------------------------------------------------------------------------------ Data Allocation base Machine-hours Estimated...
Given the following data, answer the questions below the table: ------------------------------------------------------------------------------------------------------------------------ Data Allocation base Machine-hours Estimated manufacturing overhead cost $220,800 Estimated total amount of the allocation base 46,000 machine-hours Actual manufacturing overhead cost $240,100 Actual total amount of the allocation base 42,000 machine-hours ------------------------------------------------------------------------------------------------------------------------ a) What is the pre-determined overhead rate? b) By how much is the manufacturing overhead underapplied or overapplied? c) Change the estimated total amount of allocation base to 48,000 machine hours, now by how much is...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Check my work 9 Amberjack Company is trying to decide on an allocation base to use...
Check my work 9 Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. 2 points Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
4. Change the estimated total amount of the allocation base back to 39,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $184,800 to $193,500. The data area of your worksheet should now look like this: 1 Chapter 3: Applying Excel 4 5 6 7 8 Data Allocation base Estimated manufacturing overhead cost Estimated total amount of the allocation base Actual manufacturing overhead cost...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
Amberjack Company is trying to decide on an allocation base to
use to assign manufacturing overhead to jobs. The company has
always used direct labor hours to assign manufacturing overhead to
products, but it is trying to decide whether it should use a
different allocation base such as direct labor dollars or machine
hours.
Actual and estimated data for manufacturing overhead, direct
labor cost, direct labor hours, and machine hours for the most
recent fiscal year are summarized here:
Estimated...
Check my work 9 Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. 2 points Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing...
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