A manufacturing company allocates overhead at a fixed rate of $20 per hour based on direct...
Homework Answers
Answer
Amount of overhead allocated to Job 5-50 = 600 direct labor hours x $ 20 = $ 12,000
--Correct Answer = Option #1: $ 12,000
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A manufacturing company allocates overhead at a fixed rate of
$20 per hour based on direct...
need help please The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour,...
need help please
The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour, employees were paid $5.00 per hour. If the estimated direct labor cost was $80,000, what was the estimated manufacturing overhead? Multiple Choice $16.000 $64.000 $80,000 Savor Flavor Supplies allocates manufacturing overhead to its products on the basis of 50% of direct material cost. If a product had $185,000 of manufacturing overhead allocated to it during May, the direct materials assigned to the product were:...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job Job P $13,000 $21,000 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with...
1) 2) 3) Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its...
1)
2)
3)
Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 220 $ 120 Required: 1. What is the total manufacturing cost assigned to Job A 500? 2. If Job A 500 consists of 80 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
me end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours....
me end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The Following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 15,600 $ 1.80 3,900 $ 22,100 Direct materials Direct labor...
Snappy Company has a job-order costing system and uses a predetermined overhead rate based on direct...
Snappy Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Manufacturing overhead cost and direct labor hours were estimated at $108,000 and 45,000 hours, respectively, for the year. In July, Job #334 was completed at a cost of $3,050 in direct materials and $2,500 in direct labor. The labor rate is $5 per hour. By the end of the year, Snappy had worked a total of 51,000...
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...
VES Conrad Company calculated a predetermined manufacturing overhead rate of $20 per direct labor hour. During...
VES Conrad Company calculated a predetermined manufacturing overhead rate of $20 per direct labor hour. During the year, Conrad actually incurred 290,000 in total manufacturing overhead and used 10,000 direct labor hours. Determine the amount of over or under allocated overhead for the year. (Hint: You must first calculate the amount of allocated overhead during the year.) If UNDERALLOCATED, enter your answer as a negative (example: -34,000) Do not use $ in your answer.
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?
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job 9 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 BOG 969 1,789 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate...
need help please
The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour, employees were paid $5.00 per hour. If the estimated direct labor cost was $80,000, what was the estimated manufacturing overhead? Multiple Choice $16.000 $64.000 $80,000 Savor Flavor Supplies allocates manufacturing overhead to its products on the basis of 50% of direct material cost. If a product had $185,000 of manufacturing overhead allocated to it during May, the direct materials assigned to the product were:...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job Job P $13,000 $21,000 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with...
1)
2)
3)
Mickley Company's plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 220 $ 120 Required: 1. What is the total manufacturing cost assigned to Job A 500? 2. If Job A 500 consists of 80 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
me end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The Following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $ 15,600 $ 1.80 3,900 $ 22,100 Direct materials Direct labor...
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...
VES Conrad Company calculated a predetermined manufacturing overhead rate of $20 per direct labor hour. During the year, Conrad actually incurred 290,000 in total manufacturing overhead and used 10,000 direct labor hours. Determine the amount of over or under allocated overhead for the year. (Hint: You must first calculate the amount of allocated overhead during the year.) If UNDERALLOCATED, enter your answer as a negative (example: -34,000) Do not use $ in your answer.
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job 9 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 BOG 969 1,789 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate...
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