ZuoTi.Pro
Question

Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...

Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.)

Multiple Choice

  • $0.03 per machine hour.

  • $44.40 per machine hour.

  • $34.62 per machine hour.

  • $9.40 per machine hour.

  • $0.11 per machine hour.

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Total factory overhead=3500000+940000 =4440000

Plantwide overhead rate =Total factory overhead/machine hours =4440000/100000 =44.40 per machine hour

0 0
Add a comment
Know the answer?
Add Answer to:
Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • K Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...

    K Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 100,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate? Multiple Choice $0.02 per direct labor hour. $44.40 per direct labor hour. $35.00 per direct labor hour. $9.40 per direct labor hour. $0.11 per direct labor hour.

  • Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...

    Peterson Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 100,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $1,280, eee...

  • Peterson Company estimates that overhead costs for the next year will be $4,000,000 for indirect labor...

    Peterson Company estimates that overhead costs for the next year will be $4,000,000 for indirect labor and $970,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 140,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.) Multiple Choice O $28.07 per machine hour. O $6.93 per machine hour. O $35.50 per machine hour. O $0.14 per machine hour. O $0.04 per...

  • West Company estimates that overhead costs for the next year will be $5,240,000 for indirect labor...

    West Company estimates that overhead costs for the next year will be $5,240,000 for indirect labor and $550,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 150,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? $.0259 per machine hour. $34.93 per machine hour. $38.60 per machine hour. $3.67 per machine hour.

  • A company estimates that overhead costs for the next year will be $3,600,000 for indirect labor,...

    A company estimates that overhead costs for the next year will be $3,600,000 for indirect labor, $200,000 for factory utilities, and $21,500 for depreciation on factory machinery. The company uses machine hours as its overhead allocation base. If 764,300 machine hours are planned for this next year, what is the company's plantwide overhead rate?

  • K Company estimates that overhead costs for the next year will be $3,700,000 for indirect labor...

    K Company estimates that overhead costs for the next year will be $3,700,000 for indirect labor and $890,000 for factory utilities. The company uses direct labor hours as its overhead allocation base If 125,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate? K Company estimates that overhead costs for the next year will be $2,948,000 for indirect labor and $880,000 for factory utilities. The company uses direct labor hours as its overhead...

  • K Company estimates that overhead costs for the next year will be $2,988,000 for indirect labor...

    K Company estimates that overhead costs for the next year will be $2,988,000 for indirect labor and $830,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 83,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 4 direct labor hours?

  • K Company estimates that overhead costs for the next year will be $2,900,000 for indirect labor...

    K Company estimates that overhead costs for the next year will be $2,900,000 for indirect labor and $800,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 80,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 4 direct labor hours? Group of answer choices $46.25 $36.25 $185.00 None of the choices $145.00

  • 2.K Company estimates that overhead costs for the next year will be $2,900,000 for indirect labor...

    2.K Company estimates that overhead costs for the next year will be $2,900,000 for indirect labor and $800,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 80,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 4 direct labor hours? $46.25 $36.25 $185.00 $145.00 None of the choices

  • k Company estimates that overhead costs for the next year will be $2,890,000 for indirect labor...

    k Company estimates that overhead costs for the next year will be $2,890,000 for indirect labor and $850,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 85,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 5 direct labor hours? Multiple Choice Ο $44.00 Ο $34.00 Ο $220.00 Ο $170.00 Ο None of the choices

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT