Homework Answers
Requirement 1
|
Estimated Manufacturing Overhead cost |
/ |
Direct labor Hours |
= |
Predetermined manufacturing Overhead rate |
|
|
$ 12,00,000.00 |
/ |
18750 |
= |
$ 64.00 |
per DL Hour |
Requirement 2
|
Estimated Manufacturing Overhead cost |
/ |
Direct labor cost |
= |
Predetermined manufacturing Overhead rate |
|
|
$ 12,00,000.00 |
/ |
1000000 |
= |
120% |
of Direct labor cost |
Requirement 3
|
Estimated Manufacturing Overhead cost |
/ |
Machine Hours |
= |
Predetermined manufacturing Overhead rate |
|
|
$ 12,00,000.00 |
/ |
15000 |
= |
$ 80.00 |
per Machine Hour |
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53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead...
Edmonton Pools manufactures swimming pool equipment. B(Click the icon to view data.) Determine the total overallocation...
Edmonton Pools manufactures swimming pool equipment. B(Click the icon to view data.) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Edmonton Pools totaled $1,425,000. 1. Assume that the company used direct labor hours as the allocation base. 2. Assume that the company used the direct labor cost as the allocation base 3. Assume that the company used machine hours as the allocation base 4....
Waidman Pools manufactures swimming pool equipment Click the icon to view data) Determine the total overallocation...
Waidman Pools manufactures swimming pool equipment Click the icon to view data) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Waldman Pools totaled $1,225,000 1. Assume that the company used direct labor hours as the allocation base. 2. Assume that the company used the direct labor cost as the location base 3. Assume that the company used machine hours as the allocation base 4....
S3-7 (similar to) Question Help Falmouth Pools manufactures swimming pocl equipment. Falmouth has estimated the following...
S3-7 (similar to) Question Help Falmouth Pools manufactures swimming pocl equipment. Falmouth has estimated the following manufacturing overhead rates using different independent situations: 囲(Click the icon to view the rates.) Determine the total manufacturing overhead allccated to Falmouth's manufacturing jobs in the following independent situaticns. 1.Assume that the company actually used 30,250 direct labor hours. 2. Assume that the company actually incurred $1,025,000 of direct labor cost. 3. Assume that the company actually ran the machines 23,450 hours. 4. Briefly...
Callahan Pools manufactures swimming pool equipment. Callahan has estimated the following manufacturing overhead rates using different...
Callahan Pools manufactures swimming pool equipment. Callahan has estimated the following manufacturing overhead rates using different independent situations EB (Click the icon to view the rates.) Determine the total manufacturing overhead allocated to Callahan's manufacturing jobs in the following independent situations 1 Assume that the company actually used 16,400 direct labor hours. 2. Assume that the company actually incurred $982,500 of direct labor cost. 3.Assume that the company actually ran the machines 11,850 hours. 4. Briefly explain what you have...
Homework: Ch 3 HW Score: 0 of 1 pt S3-6 (book/static) Save 2 of 13 (7...
Homework: Ch 3 HW Score: 0 of 1 pt S3-6 (book/static) Save 2 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16 pts Question Help Edmonton Pools manufactures swimming pool equipment. Edmonton estimates total manufacturing overhead costs next year to be $1,400,000. Edmonton also estimates it will use 50,000 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be run for 40,000 hours. Compute the predetermined manufacturing overhead rate...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit)...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,560 1,500 4,680 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job Job P $13,000 $21,000 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with...
Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor...
Martin Company applies manufacturing overhead based on direct machine hours. Martin estimates manufacturing overhead and labor for the year follows: Estimated manufacturing overhead $120,000 Direct labor hours estimated 5,000 Estimated direct labor costs $50,000 Estimated machine hours 6,000 Assuming the actual manufacturing overhead cost and the actual activities for Job 201 is as follows: Actual manufacturing overhead $ 12,000 Direct labor hours actual incurred 300 Actual direct labor costs totaled $ 9,800 Actual machine hours totaled 400 Instructions (a) Compute...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
Edmonton Pools manufactures swimming pool equipment. B(Click the icon to view data.) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Edmonton Pools totaled $1,425,000. 1. Assume that the company used direct labor hours as the allocation base. 2. Assume that the company used the direct labor cost as the allocation base 3. Assume that the company used machine hours as the allocation base 4....
Waidman Pools manufactures swimming pool equipment Click the icon to view data) Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Waldman Pools totaled $1,225,000 1. Assume that the company used direct labor hours as the allocation base. 2. Assume that the company used the direct labor cost as the location base 3. Assume that the company used machine hours as the allocation base 4....
S3-7 (similar to) Question Help Falmouth Pools manufactures swimming pocl equipment. Falmouth has estimated the following manufacturing overhead rates using different independent situations: 囲(Click the icon to view the rates.) Determine the total manufacturing overhead allccated to Falmouth's manufacturing jobs in the following independent situaticns. 1.Assume that the company actually used 30,250 direct labor hours. 2. Assume that the company actually incurred $1,025,000 of direct labor cost. 3. Assume that the company actually ran the machines 23,450 hours. 4. Briefly...
Callahan Pools manufactures swimming pool equipment. Callahan has estimated the following manufacturing overhead rates using different independent situations EB (Click the icon to view the rates.) Determine the total manufacturing overhead allocated to Callahan's manufacturing jobs in the following independent situations 1 Assume that the company actually used 16,400 direct labor hours. 2. Assume that the company actually incurred $982,500 of direct labor cost. 3.Assume that the company actually ran the machines 11,850 hours. 4. Briefly explain what you have...
Homework: Ch 3 HW Score: 0 of 1 pt S3-6 (book/static) Save 2 of 13 (7 complete) HW Score: 46.73%, 7.48 of 16 pts Question Help Edmonton Pools manufactures swimming pool equipment. Edmonton estimates total manufacturing overhead costs next year to be $1,400,000. Edmonton also estimates it will use 50,000 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be run for 40,000 hours. Compute the predetermined manufacturing overhead rate...
Response Questions Part A ToB A) Fill out 2 boxes for Total job cost (per unit) and Gross profit (per unit) below More Info * More Info - X Lounge Lizard allocates manufacturing overhead at a rate of $11 per direct labor hour. Lumber: 48 units at $4 per unit Padding: 13 yards at $18 per yard Upholstery fabric: 31 yards at $29 per yard Holly Pulsifer: 14 hours at $10 per hour Elizabeth Dickerson: 19 hours at $22 per...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,560 1,500 4,680 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job Job P $13,000 $21,000 $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
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