The predetermined overhead rate for manufacturing overhead for 2020 is $4.00 per direct labor hour. Employees...
The predetermined overhead rate for manufacturing overhead for 2020 is $4.00 per direct labor hour. Employees are expected to earn $5.00 per hour and the company is planning on paying its employees $200,000 during the year. However, only 80% of the employees are classified as "direct labor." What was the estimated manufacturing overhead for 2020?
Homework Answers
Estimated manufacturing overhead for 2020 = [(Payment to employees x 75%) / Expected earnings per hour] x Predetermined overhead rate for manufacturing overhead
= [($200,000 x 75%) / $5.00 per hour ] x $4.00 per direct labor hour
= ($150,000 / 5) x 4
= $120,000
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The predetermined overhead rate for manufacturing overhead for
2020 is $4.00 per direct labor hour. Employees...
The predetermined overhead rate for manufacturing overhead for 2020 is $5.00 per direct labor hour. Employees...
The predetermined overhead rate for manufacturing overhead for 2020 is $5.00 per direct labor hour. Employees are expected to earn $8.00 per hour and the company is planning on paying its employees $220,000 during the year. However, over 80% of the employees are classified as "direct labor". What was the estimated manufacturing overhead for 2020? a. $211,200 b. $176,000 c. $137,500 d. 110,000
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:...
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Osborn Manufacturing uses a predetermined overhead rate of
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a cost formula that estimates $249,600 of total manufacturing
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labor-hours. The company actually incurred $247,000 of
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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:...
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...
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
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $278,400 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $266,000 and 12,300 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period. Manufacturing overhead applied...
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