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Predetermined manufacturing overhead allocation rate = Estimated manufacturing overhead cost / Estimated machine hours = $235,400 / 20,100 machine hours = $11.71 per machine hour
Total amount of manufacturing overhead allocated = Predetermined manufacturing overhead allocation rate * Actual machine hours = $11.71 per machine hour * 23,500 machine hours = $275,185 [ option A ]
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George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow....
Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow....
Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $235,900 Actual manufacturing overhead cost $244.400 Estimated machine hours 20,900 Actual machine hours 23,400 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The amount of manufacturing overhead allocated for the year based on machine hours would have been calculations to the nearest cent and final answer to the...
Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours $300,600 $290,600...
Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours $300,600 $290,600 20,500 22,900 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The manufacturing overhead for the year would have been_ (Round intermediary calculations to the nearest cent.) O A. $45,114 underallocated. OB. $45,114 overallocated O C. $10,000 overallocated. OD. $10,000 underallocated. Click to select your answer.
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. •...
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $90,000 of manufacturing overhead costs. The predetermined overhead rate is $7.50 per machine hour. actually used 13,000 machine hours and incurred the following actual costs: E (Click the icon to view the costs.) How much manufacturing overhead would Tell allocate? i Data Table O A. $90,000 OB. $85,000 OC. $97,500 OD. $218,000 Indirect labor Depreciation on plant Machinery repair...
Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000...
Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000 machine hours and $93,000 of manufacturing overhead costs actually used 14,000 machine hours and incurred the following actual costs: (Click the icon to view the costs.) What is Gell's actual manufacturing overhead cost? O O A. $149,000 O B. $90,000 OC. $220,000 OD. $161,000 $ Indirect labor Depreciation on plant Machinery repair Direct labor Plant supplies Plant utilities Advertising 13,000 49,000 11,000 71.000 5,000...
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing...
Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows: Actual manufacturing overhead cost $500,900 Estimated manufacturing overhead cost $551,000 Estimated direct labor cost $175,200 Estimated direct labor hours 50,500 Actual direct labor hours 60,800 Estimated machine hours 40,300 Actual machine hours 35,800 By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) A. $162,428...
Beta Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead...
Beta Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. The company estimated that it would incur $600,800 of manufacturing overhead during the year and that 150,200 direct labor hours would be worked. During the year, the company actually incurred manufacturing overhead costs of S582,200 and 135,400 direct labor hours were worked By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent and...
Selected cost data for Books Co, who apply overhead based on machine hours, are as follows:...
Selected cost data for Books Co, who apply overhead based on machine hours, are as follows: Estimated overhead cost for the year 840,000 Estimated direct labor cost for the year 1,550,000 Estimated machine hours for the year 70,000 hours 1,160,000 Direct labor cost Depreciation, manufacturing equipment and plant Property taxes on plant 390,000 40,000 Sales salaries 26,500 Delivery driver wages 23,500 Plant maintenance wages 48,000 Machine hours 61,000 hours In the journal entry to adjust over or under applied overhead,...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
#5 Suit U produces uniforms. The company allocates manufacturing overhead based on the machine hours each...
#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job...
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Suit Up reports the following cost data for the past year: (Click the icon to view the cost data) Read the requirements empts Enter the formula for predetermined manufacturing overhead rate, the compute the rate Estimated yearly overhead costs / Estimated yearly machine hours . Predetermined overhead rate 6400 = per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past...
Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $235,900 Actual manufacturing overhead cost $244.400 Estimated machine hours 20,900 Actual machine hours 23,400 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The amount of manufacturing overhead allocated for the year based on machine hours would have been calculations to the nearest cent and final answer to the...
Estimated manufacturing overhead cost Actual manufacturing overhead cost Estimated machine hours Actual machine hours $300,600 $290,600 20,500 22,900 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The manufacturing overhead for the year would have been_ (Round intermediary calculations to the nearest cent.) O A. $45,114 underallocated. OB. $45,114 overallocated O C. $10,000 overallocated. OD. $10,000 underallocated. Click to select your answer.
Tell Corporation manufactures computers. Assume that Tell: • allocates manufacturing overhead based on machine hours. • estimated 12,000 machine hours and $90,000 of manufacturing overhead costs. The predetermined overhead rate is $7.50 per machine hour. actually used 13,000 machine hours and incurred the following actual costs: E (Click the icon to view the costs.) How much manufacturing overhead would Tell allocate? i Data Table O A. $90,000 OB. $85,000 OC. $97,500 OD. $218,000 Indirect labor Depreciation on plant Machinery repair...
Gell Corporation manufactures computers. Assume that Gell: allocates manufacturing overhead based on machine hours estimated 8,000 machine hours and $93,000 of manufacturing overhead costs actually used 14,000 machine hours and incurred the following actual costs: (Click the icon to view the costs.) What is Gell's actual manufacturing overhead cost? O O A. $149,000 O B. $90,000 OC. $220,000 OD. $161,000 $ Indirect labor Depreciation on plant Machinery repair Direct labor Plant supplies Plant utilities Advertising 13,000 49,000 11,000 71.000 5,000...
Beta Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. The company estimated that it would incur $600,800 of manufacturing overhead during the year and that 150,200 direct labor hours would be worked. During the year, the company actually incurred manufacturing overhead costs of S582,200 and 135,400 direct labor hours were worked By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent and...
Selected cost data for Books Co, who apply overhead based on machine hours, are as follows: Estimated overhead cost for the year 840,000 Estimated direct labor cost for the year 1,550,000 Estimated machine hours for the year 70,000 hours 1,160,000 Direct labor cost Depreciation, manufacturing equipment and plant Property taxes on plant 390,000 40,000 Sales salaries 26,500 Delivery driver wages 23,500 Plant maintenance wages 48,000 Machine hours 61,000 hours In the journal entry to adjust over or under applied overhead,...
Classic Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Classic Uniforms reports the following cost data for the past year: Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the predetermined manufacturing overhead rate, Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Estimated yearly overhead costs / Estimated yearly machine hours = Predetermined overhead rate per machine hour Requirement 2. Calculate the allocated...
#5
Suit U produces uniforms. The company allocates manufacturing
overhead based on the machine hours each job uses. Suit Up reports
the following cost data for the past year:
answers in blue boxes are wrong, please correct
Actual Budget 7,300 hours 7,100 hours $ 20,000 $ 50,500 6,100 hours 6,300 hours $ 20,000 $ 53,500 Direct labor hours ........ Machine hours .. Depreciation on salespeople's autos ........ Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on...
Suit Up produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses Suit Up reports the following cost data for the past year: (Click the icon to view the cost data) Read the requirements empts Enter the formula for predetermined manufacturing overhead rate, the compute the rate Estimated yearly overhead costs / Estimated yearly machine hours . Predetermined overhead rate 6400 = per machine hour Requirement 2. Calculate the allocated manufacturing overhead for the past...
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