Predetermined Overhead rate = Estimated overhead/Estimated machine hours
= 834,000/27,800 = 30 per mh
A) Overhead applied = 30*54,400 = 1,632,000 |
|
B) 23,000 underapplied | |
C) Debit : Cost of Goods Sold 23,000 Credit : Manufacturing Overhead 23,000 |
Winston Company estimates that the factory overhead for the following year will be $834,000. The company has decided th...
Winston Company estimates that the factory overhead for the following year will be $708,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 35,400 hours. The total machine hours for the year were 54,900 hours. The actual factory overhead for the year was $1,113,000. Enter the amount as a positive number, a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year....
Winston Company estimates that the factory overhead for the following year will be $938,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 26,800 hours. The total machine hours for the year were 54,000. The actual factory overhead for the year was $1,879,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. $ b. Compute the over- or underapplied amount for the year. Enter the...
Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300. The actual factory overhead for the year was $1,348,800. a. Determine the total factory overhead amount applied. b. Compute the over- or underapplied amount for the year. c. Journalize the entry to transfer the over-...
Calculator The Winston Company estimates that the factory overhead for the following year will be $900,800. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 28.400 hours. The total machine hours for the year were 54,100 hours. The actual factory overhead for the year was $1,755,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. (Round to the nearest dollar) b. Calculate the...
Chart of Accounts Factory Overhead General Journal Instruction The Winston Company estimates that the factory overhead for the following year will be 5716,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,800 hours. The total machine hours for the year were 54,400 hours. The actual factory Overhead for the year was 993000 Required aj Determine the total factory overhead amount oled Dj Calculate the replied or under led...
Instruction Winston Company estimates that the factory overhead for the following year will be $1,148,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,600 hours. The total machine hours for the year were 54,600 hours. The actual factory overhead for the year was $1,606,000. Required: a. Determine the total factory overhead amount applied. b. Compute the overapplied or underapplied amount for the year. Enter the amount as a...
Cavy Company estimates that the factory overhead for the following year will be $1,069,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 19,100 hours. The machine hours for the month of April for all of the jobs were 2,680. If the actual factory overhead for April totaled $153,682, determine the over- or underapplied amount for the month. Enter the amount as a positive number.
Cavy Company estimates that the factory overhead for the following year will be $1,102,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 15,100 hours. The machine hours for the month of April for all of the jobs were 4,700. If the actual factory overhead for April totaled $335,895, determine the over- or underapplied amount for the month. Enter the amount as a positive number. $
Calculator Cavy Company estimates that the factory overhead for the following year will be $1,191,300. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 20,900 hours. The machine hours for the month of April for all of the jobs were 5,620. If the actual factory overhead for April totaled $313,613, determine the over- or underapplied amount for the month. Enter the amount as a positive number
Bouldevard Inc. estimates that the factory overhead for the following year will be $975,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 48,000 hours. The total machine hours for the year were 49,250. The actual factory overhead for the year was $1,198,500 Note: Round to the nearest cent "You must provide calculations to receive credit. a. Compute the predetermined factory overhead rate. b. Determine the amount of factory...