The company applies overhead to jobs at a rate of $40 per direct labor hour. During...
Homework Answers
total budgeted overhead for actual direct labor hours
= $40 * 11,643 direct labor hours
Overhead Applied = $465,720
Actual Overhead = $564,626
Overhead under applied is $98,906
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The
company applies overhead to jobs at a rate of $40 per direct labor
hour. During...
the company applies overhead to jobs at a rate of $40 per direct labor hour. during...
the company applies overhead to jobs at a rate of $40 per direct labor hour. during the year the company used a total of 11,628 direct labor hours. the company budgeted overhead of 506,415. Actual overhead was 539,737. By how much was overhead underapplied?
Fairfield company applies manufacturing overhead to products at a predetermined rate of $60 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $60 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Item Description Total Cost Direct materials Used on Jobs 101 and 102 95,000 Indirect materials Used on multiple jobs 35,000 Hourly labor wages 750 hours @ $40 per hour 200 hours for Job 101 = $ 8,000 300 hours for Job 102 = 12,000 250 hours for Job 103 = 10,000...
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This predetermined rate was...
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $252,830 of total manufacturing overhead for an estimated activity level of 13,100 direct labor-hours. The company actually incurred $249,000 of manufacturing overhead and 12,600 direct labor-hours during the period. ints Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $42 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $42 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Total Cost $ 86,000 26,000 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs Hourly labor wages 750 hours @ $22 per hour 200 hours for Job 101 - $ 4,400 300 hours for Job 102 - 6,600 250 hours for Job 103 =...
The company applies overhead cost to jobs on the basis of direct labor-hours. For the current...
The company applies overhead cost to jobs on the basis of direct
labor-hours. For the current year, the company’s predetermined
overhead rate of $13.00 per direct labor-hour was based on a cost
formula that estimated $520,000 of total manufacturing overhead for
an estimated activity level of 40,000 direct labor-hours. The
following transactions were recorded for the year:
Raw materials were purchased on account, $584,000.
Raw materials use in production, $537,600. All of of the raw
materials were used as direct...
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on...
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were! Actual manufacturing overhead cost incurred Actual direct labor-hours worked $38,000 18,500 The overapplied or underapplied manufacturing for the year was: Multiple Choice $3,000 underapplied $1,000 underapplied $1,000 overapplied $3.000 overapplied
Luthan Company uses a predetermined overhead rate of $23.80 per direct labor-hour. This predetermined rate was...
Luthan Company uses a predetermined overhead rate of $23.80 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $285,600 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 12,500 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here ltem Direct materials Indirect materials Hourly labor wages Description Used on Jobs 101 and 102 Used on multiple jobs 750 hours $25 per hour 200 hours for Job 101 300 hours for Job 102 250 hours for Job 103- Total Cost 87,500 27,500 $ 5,000 7,500 Factory supervision Production engineer Factory...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $55 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $55 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Item Description Total Cost Direct materials Used on Jobs 101 and 102 $ 92,500 Indirect materials Used on multiple jobs 32,500 Hourly labor wages 750 hours @ $35 per hour 200 hours for Job 101 = $ 7,000 300 hours for Job 102 = 10,500 250 hours for Job 103 =...
Osborn Manufacturing uses a predetermined overhead rate of $19.20 per direct labor-hour. This predetermined rate was...
Osborn Manufacturing uses a predetermined overhead rate of
$19.20 per direct labor-hour. This predetermined rate was based on
a cost formula that estimates $249,600 of total manufacturing
overhead for an estimated activity level of 13,000 direct
labor-hours. The company actually incurred $247,000 of
manufacturing overhead and 12,500 direct labor-hours during the
period. Required: 1. Determine the amount of underapplied or
overapplied manufacturing overhead for the period. 2. Assume that
the company's underapplied or overapplied overhead is closed to
Cost of...
Osborn Manufacturing uses a predetermined overhead rate of $19.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $252,830 of total manufacturing overhead for an estimated activity level of 13,100 direct labor-hours. The company actually incurred $249,000 of manufacturing overhead and 12,600 direct labor-hours during the period. ints Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the company's underapplied or overapplied overhead is closed to Cost...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $42 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Total Cost $ 86,000 26,000 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs Hourly labor wages 750 hours @ $22 per hour 200 hours for Job 101 - $ 4,400 300 hours for Job 102 - 6,600 250 hours for Job 103 =...
The company applies overhead cost to jobs on the basis of direct
labor-hours. For the current year, the company’s predetermined
overhead rate of $13.00 per direct labor-hour was based on a cost
formula that estimated $520,000 of total manufacturing overhead for
an estimated activity level of 40,000 direct labor-hours. The
following transactions were recorded for the year:
Raw materials were purchased on account, $584,000.
Raw materials use in production, $537,600. All of of the raw
materials were used as direct...
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were! Actual manufacturing overhead cost incurred Actual direct labor-hours worked $38,000 18,500 The overapplied or underapplied manufacturing for the year was: Multiple Choice $3,000 underapplied $1,000 underapplied $1,000 overapplied $3.000 overapplied
Luthan Company uses a predetermined overhead rate of $23.80 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $285,600 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $266,000 and 12,500 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead that would have been applied to all jobs during the period. Manufacturing overhead applied
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here ltem Direct materials Indirect materials Hourly labor wages Description Used on Jobs 101 and 102 Used on multiple jobs 750 hours $25 per hour 200 hours for Job 101 300 hours for Job 102 250 hours for Job 103- Total Cost 87,500 27,500 $ 5,000 7,500 Factory supervision Production engineer Factory...
Osborn Manufacturing uses a predetermined overhead rate of
$19.20 per direct labor-hour. This predetermined rate was based on
a cost formula that estimates $249,600 of total manufacturing
overhead for an estimated activity level of 13,000 direct
labor-hours. The company actually incurred $247,000 of
manufacturing overhead and 12,500 direct labor-hours during the
period. Required: 1. Determine the amount of underapplied or
overapplied manufacturing overhead for the period. 2. Assume that
the company's underapplied or overapplied overhead is closed to
Cost of...
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