Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The...
Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $320,000 and direct labor hours of 8,600. During the month of February 2019, actual direct labor hours of 8,100 were incurred. Use this information to determine the amount of factory overhead that was applied in February. (round answer to the nearest whole dollar):
Homework Answers
Predetermined Overhead rate = Estimated Overhead Costs / Direct Labor Hours
= $ 320,000 / 8600 hours
= $ 37.20930233 per hour
Factory overhead applied = Predetermined Overhead rate * actual direct labor hours
= $ 37.20930233 per hour * 8,100 direct labor hours
= $ 301,395
Answer : $ 301,395
Add Answer to:
Baltimore Company uses a job order cost system and applies
overhead based on estimated rates. The...
Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead...
Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $280,000 and direct labor hours of 25,000. During the month of February 2019, Job 2-1 incurred direct labor of 450 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job 2-1 for the month. If no entry is required then write "No...
Question 8 (8 points) Baltimore Company uses a job order cost system and applies overhead based...
Question 8 (8 points) Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $280,000 and direct labor hours of 25,000. During the month of February 2019, Job 2-1 incurred direct labor of 450 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job 2-1 for the month. If no entry is...
Bravo Company uses a job order cost system and applies overhead based on estimated rates. The...
Bravo Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $250,000 and direct labor hours of 50,000. During the month of February 2017, Job A-1 incurred direct labor of 800 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job A-1 for the month. If no entry is required then write...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $169,260. Estimated direct labor cost was $457,560 for 18,600 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,860 hours) $ 45,757 Indirect costs Indirect labor 2,520 Indirect materials 3,470 Factory rent 3,350 Factory supervision 4,840 Factory...
4. Verizox Company uses a job order cost system with manufacturing overhead applied to products based...
4. Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,160. Estimated direct labor cost was $491,960 for 19,600 hours. Actual costs for the most recent month are summarized here: $ Total Cost 49,197 Item Description Direct labor (1,960 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial...
Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on...
Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $194000 Estimated direct labor cost was $459 70 for 19.400 hours Actual costs for the most recent month are summarted here Total & waren 2. Item Description Direct Labor (1.9 hours) Tere Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory S torial...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $448,880 for 18,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,810 hours) $ 44,889 Indirect costs Indirect labor 2,590 Indirect materials 3,420 Factory rent 3,240 Factory supervision 4,750 Factory...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $448,880 for 18,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,810 hours) $ 44,889 Indirect costs Indirect labor 2,590 Indirect materials 3,420 Factory rent 3,240 Factory supervision 4,750 Factory...
Job-Order Costing U-Design-It Furniture Company uses a job-order cost system. The company applies manufacturing overhead to...
Job-Order Costing U-Design-It Furniture Company uses a job-order cost system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor hours. The estimated MOH was $144,000 for the year and the estimated direct labor hours were 18,000 hours. In March, Job #175 was completed. Direct materials totaled $7,000. Total labor costs were $6,000 at $20 per hour. At the end of the year, it was determined that the company worked 17,000 direct labor hours...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $173,810. Estimated direct labor cost was $441,210 for 19,100 hours. Actual costs for the most recent month are summarized here: Total Cost $44,122 Item Description Direct labor (1,910 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory...
Bravo Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $250,000 and direct labor hours of 50,000. During the month of February 2017, Job A-1 incurred direct labor of 800 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job A-1 for the month. If no entry is required then write...
4. Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,160. Estimated direct labor cost was $491,960 for 19,600 hours. Actual costs for the most recent month are summarized here: $ Total Cost 49,197 Item Description Direct labor (1,960 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial...
Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $194000 Estimated direct labor cost was $459 70 for 19.400 hours Actual costs for the most recent month are summarted here Total & waren 2. Item Description Direct Labor (1.9 hours) Tere Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory S torial...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $173,810. Estimated direct labor cost was $441,210 for 19,100 hours. Actual costs for the most recent month are summarized here: Total Cost $44,122 Item Description Direct labor (1,910 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory...
Most questions answered within 3 hours.
-
A sag curve and crest curve connect a –3.5% tangent section of
highway (to the west)...
asked 1 minute from now -
Topdog is a toy company, whose profits/sales percentage is 13%
in 2015, 16% in 2016 and...
asked 15 seconds ago -
A 13-year bond with a face value of 1500 dollars is redeemable
at twice par, and...
asked 1 minute ago -
What is the Nernst (equilibrium) potential of a monovalent
cation (+ valence) at 37oC given the...
asked 8 minutes ago -
Ryan wants to accumulate at least $55,000 by depositing $1,800
at the end of every month...
asked 12 minutes ago -
Compressed air can be pumped underground into huge caverns as a
form of energy storage. The...
asked 20 minutes ago -
Scores on the first half of a 60-item
test are correlated with scores on the second...
asked 42 minutes ago -
Find the quantile function F^(-1)(p) (if one exists) of F(x) =
{0 for x<= 0, (1/9)x^2...
asked 44 minutes ago -
Why do practitioners continue to prefer unstructured and
intuition based approaches to employee selection?
asked 44 minutes ago -
1.
a.) What is the molar solublitlity of PbBr2 in pure water? Ksp
of PbBr2=4.67*10^-6
b.)...
asked 55 minutes ago -
A NaCl crystal has a mass of 0.15mg. how many moles of
Na^+ are present in...
asked 1 hour ago -
What is the final volume in milliliters when 0.854 L of a 37.6 %
(m/v) solution...
asked 1 hour ago