Overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours...
Overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, budgeted machine-hours were 18,500. Actual factory overhead was $287,920, actual machine-hours were 19,050. How much is the over- or underapplied overhead?
Homework Answers
Predetermined overhead rate = Budgeted overhead / Budgeted
machine hours
Predetermined overhead rate = $266,400 / 18,500
Predetermined overhead rate = $14.40 per machine hour
Factory overhead applied = Predetermined overhead rate * Actual
machine hours
Factory overhead applied = $14.40 * 19,050
Factory overhead applied = $274,320
Underapplied overhead = Actual overhead - Factory overhead
applied
Underapplied overhead = $287,920 - $274,320
Underapplied overhead = $13,600
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Overhead using a normal costing approach based upon
machine-hours. Budgeted factory overhead was $266,400, budgeted
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Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was...
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $267,840, budgeted machine-hours were 18,600. Actual factory overhead was $288,420, actual machine-hours were 19,150. How much is the over- or underapplied overhead? Multiple Choice $20,034 underapplied. $12,660 underapplied. $7,374 overapplied. $0.
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was...
Reyes Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $269,280 budgeted machine hours were 18,700. Actual factory overhead was $288,920 actual machine were 19,250. How much is over or underapplied overhead? a. $6,826 overapplied b. $11,720 underapplied c. $0 d. $18,546 underapplied
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours For August, Tom's...
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Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's...
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's budgeted overhead was $234,000 based on a budgeted volume of 39,000 machine-hours. Actual overhead amounted to $230,000 with actual machine-hours totaling 38,500. Required: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.) overhead
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Tom’s Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom’s budgeted overhead was $609,500 based on a budgeted volume of 53,000 machine-hours. Actual overhead amounted to $520,000 with actual machine-hours totaling 45,500. Required: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.)
Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted...
Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,505,000 86,000 43,000 1,402,000 88,300 41,400 If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $49,059 overapplied. $47,000 underapplied. $47,000 overapplied. $49,059 underapplied.
Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted...
Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,260,000 75,000 42,000 1,040,300 87,600 40,700 If overhead is applied based on direct labor hours, overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice O $431,380 overapplied $316,255 overapplied.
Q.5.a. Normal annual capacity for the MN Company is 36,000 machine hours, with fixed overhead budgeted...
Q.5.a. Normal annual capacity for the MN Company is 36,000 machine hours, with fixed overhead budgeted as 16,920 and an estimated variable factory overhead rate of $2.10 per hour. During October, actual production required 2,700 machine hours, with a total factory overhead of $7,400. Required: Compute (1) The applied factory overhead and (2) the over-or under applied amount for October (5) Q.5.b. Define process costing, discuss normal and abnormal loss? urgent please asnwer quickly ,i will rate
Jackson Inc. listed the following data for 2019: 10 Budgeted factory overhead Budgeted direct labor hours...
Jackson Inc. listed the following data for 2019: 10 Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct Labor hours Actual machine hours $1,505,000 86,000 43,000 1,150,400 88,300 41,400 points If overhead is applied based on direct labor hours, overapplied/underapplied overhead is (round calculations to 2 significant digitsh Multiple Choice 10 $394850 overapplied 4 394,850 underapplied $467,985 underapplied s-0- $467,985 overapplied < Prey 100f 50 Next > 딤0 FI F2 F3 14 FS F7...
Sutherland Company listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted...
Sutherland Company listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,984,000 80,000 50,000 1,024,000 84,600 49,800 Skipped Assuming Sutherland applied overhead based on machine hours, the company's predetermined overhead rate for 2019 is (round to two significant digits): We were unable to transcribe this image
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours For August, Tom's budgeted overhead was $714.000 based on a budgeted volume of 68.000 machine hours. Actual overhead amounted to $773,500 with actual machine hours totaling 69.500 Required What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.) overhead
Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's budgeted overhead was $234,000 based on a budgeted volume of 39,000 machine-hours. Actual overhead amounted to $230,000 with actual machine-hours totaling 38,500. Required: What was over- or underapplied manufacturing overhead in August? (Do not round intermediate calculations.) overhead
Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,505,000 86,000 43,000 1,402,000 88,300 41,400 If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $49,059 overapplied. $47,000 underapplied. $47,000 overapplied. $49,059 underapplied.
Jackson Inc. listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,260,000 75,000 42,000 1,040,300 87,600 40,700 If overhead is applied based on direct labor hours, overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice O $431,380 overapplied $316,255 overapplied.
Jackson Inc. listed the following data for 2019: 10 Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct Labor hours Actual machine hours $1,505,000 86,000 43,000 1,150,400 88,300 41,400 points If overhead is applied based on direct labor hours, overapplied/underapplied overhead is (round calculations to 2 significant digitsh Multiple Choice 10 $394850 overapplied 4 394,850 underapplied $467,985 underapplied s-0- $467,985 overapplied < Prey 100f 50 Next > 딤0 FI F2 F3 14 FS F7...
Sutherland Company listed the following data for 2019: Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,984,000 80,000 50,000 1,024,000 84,600 49,800 Skipped Assuming Sutherland applied overhead based on machine hours, the company's predetermined overhead rate for 2019 is (round to two significant digits): We were unable to transcribe this image
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