Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours...

Question

Question

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours of 11.00 f

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Solution:

Predetermined Overhead rate = $118000/ $11800 = $10 per DLH

Amount to be debited to Work in process = Actual DLHs * $10

= 1620*$10

= $16,200

Hence option "b" is correct.

Add a comment

Answer 2

Similar Homework Help Questions

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $85,600 and expected direct labor hours...

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $85,600 and expected direct labor hours of 10,700 for the current fiscal year. If job number 117 incurs 1,830 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for a.$85,600 b.$1,830 c.$42,800 d.$14,640
Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected direct labor hours...

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected direct labor hours of 9,500 for the current fiscal year. If job number 117 incurred 2,300 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for $2,300 $21,850 $23,000 $95,000
Reynolds Manufacturers Inc. has estimated total factory overhead costs of $89,600 and expected direct labor hours of 11,200 for the current fiscal year. If job number 117 incurs 1,110 direct labor hours, Work in Process will be debited and Factory Overhea

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $89,600 and expected direct labor hours of 11,200 for the current fiscal year. If job number 117 incurs 1,110 direct labor hours, Work in Process will be debited and Factory Overhead will be credited fora.$44,800b.$89,600c.$1,110d.$8,880

Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages...

Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages Payable is debited and Work in Process Inventory is credited O Work in Process Inventory is debited and Factory Wages Payable is credited Cost of Goods Manufactured is debited and Direct Labor is credited ODirect Labor and Indirect Labor are debited and Factory Wages Payable is credited O Work in Process Inventory is debited and Factory Overhead is credited costs How much overhead Question...
Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor...

Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor hours are estimated to be 102,900. a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. $ per direct labor hour b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,300 and to Job 777 if the amount of direct labor hours is 2,800. Job 345 $ Job 777 $...
2 points Saved QUESTION 10 The Thomlin Company forecasts that total overhead for the current year...

2 points Saved QUESTION 10 The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), by how much is the overhead is over/underapplied? $500,000 over $1,000,000...

16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of...

16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: Actual manufacturing overhead Allocated manufacturing overhead $700,000 $325.000 What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 172,234 hours B) 240,084 hours 282,857 hours D) 146,087 hours...
Cavy Company estimates that total factory overhead costs will be $613,664 for the year. Direct labor...

Cavy Company estimates that total factory overhead costs will be $613,664 for the year. Direct labor hours are estimated to be 101,600. a. Determine the predetermined factory overhead rate. Round your answer to the nearest cent. $ b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,200 and Job 777 if the amount of direct labor hours is 3,200. Job 345 Job 777 C. Prepare the journal entry to apply...
Quick Check 1. ABC Incorporated has estimated total factory overhead costs of $400,000 and 20,000 direct...

Quick Check 1. ABC Incorporated has estimated total factory overhead costs of $400,000 and 20,000 direct labor hours. If direct labor hours for Job # 147 totals 1,500, how much factory overhead is applied to this job?

U Labor and Indirect Labor are debited and D) Work in Process Inventory and Factory credited....

U Labor and Indirect Labor are debited and D) Work in Process Inventory and Factory credited. ) Cost of Goods Manufactured is debited and Direct Labor is credited. TUESS Inventory is credited. Cory is debited and Factory Overhead is credited. direct Labor are debited and Factory Wages Payable is credited. iventory and Factory Overhead are debited and Factory Wages Payable is 34) In a process costing system, the purch Inventory a process costing system, the purchase of raw materials is...

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours...

Homework Answers

Add Answer to:
Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours...

Post as a guest

Earn Coins

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $85,600 and expected direct labor hours...

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $95,000 and expected direct labor hours...

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $89,600 and expected direct labor hours of 11,200 for the current fiscal year. If job number 117 incurs 1,110 direct labor hours, Work in Process will be debited and Factory Overhea

Question 24 2p When direct labor costs are recorded in a job costing O Factory Wages...

Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor...

2 points Saved QUESTION 10 The Thomlin Company forecasts that total overhead for the current year...

16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of...

Cavy Company estimates that total factory overhead costs will be $613,664 for the year. Direct labor...

Quick Check 1. ABC Incorporated has estimated total factory overhead costs of $400,000 and 20,000 direct...

U Labor and Indirect Labor are debited and D) Work in Process Inventory and Factory credited....

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours...

Homework Answers

Add Answer to: Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours...

Post as a guest

Earn Coins

Add Answer to:
Reynolds Manufacturers Inc. has estimated total factory overhead costs of $118,000 and expected direct labor hours...