Here are selected data for Wilson Company: Estimated manufacturing overhead $259,650 Factory utilities $...
Here are selected data for Wilson Company:
|
Estimated manufacturing overhead |
$259,650 |
Factory utilities |
$30,200 |
|
|
Estimated labor hours |
35,000 |
Indirect labor |
$22,400 |
|
|
Actual direct labor hours |
36,000 |
Sales commissions |
$53,700 |
|
|
Estimated direct labor cost |
$329,600 |
Factory rent |
$47,700 |
|
|
Actual direct labor cost |
$320,600 |
Factory property taxes |
$28,100 |
|
|
Factory depreciation |
$65,400 |
Indirect materials |
$33,000 |
If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate?
A.
103% of direct labor cost
B.
81% of direct labor cost
C.
79% of direct labor cost
D.
127% of direct labor cost
Homework Answers
Predetermined manufacturing overhead rate = Estimated manufacturing overhead / Estimated direct labor cost
= $259,650 / $329,600
= 79%
The answer is C.
Add Answer to:
Here are selected data for Wilson Company: Estimated manufacturing overhead $259,650 Factory utilities $...
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please explain in detail use equations and actual numbers. I am interested in understanding not just...
please explain in detail use equations and actual
numbers.
I am interested in understanding not just the
answers
thank you for whoever reads this
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please explain in detail use equations and actual
numbers.
I am interested in understanding not just the
answers
thank you for whoever reads this
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QUESTION 9 A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 30,000. Actual factory overhead costs incurred were $377,200, and actual direct labor hours were 36,000. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a. $6,000 underapplied b.$54,800 overapplied c. $6,000 overapplied d. $54,800 underapplied
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