Homework Answers
Answer
- Overhead applied = 18500 actual DLHs x $ 2 predetermined overhead rate = $ 37,000
- Actual Overhead = $ 38,000
- Hence, APPLIED overhead ($37000) is LESS than ACTUAL overhead ($38000), which means Overheads are UNDER-APPLIED.
- Under Applied overhead = $ 38000 – 37000 = $ 1000
- Correct Answer = Option #2: $ 1000 Under applied
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Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on...
dukes company used predetermined overhead rate of 2 dollars per direct labor. based on an estimate...
dukes company used predetermined overhead rate of 2
dollars per direct labor. based on an estimate of 20000 direct
labor hours. actual manufacturing overhead cost incurred 38000
actual direct labor hours 18500 what was the overapplied or
undeapplied manufacturing for the year. what was the under or over
applied overhead for the year.
TR. 30,000 Direct labor Manufacturing overhead Tk. 40,000 Find the total manufacturing costs associated with Job 123 D. Dukes Company used a predetermined overhead rate this year...
18) Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based...
18) Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred 34,000 Actual direct labor-hours worked 127,000 The overapplied or underapplied manufacturing overhead for the year was: A) $3,000 underapplied B) $3,000 overapplied C) $12,000 underapplied D) $12,000 overapplied 19) Boursaw Corporation has provided the following data concerning last...
the steps and formula should be same for these two but found different steps applied, so...
the steps and formula should be same for these two but found
different steps applied, so please can you explain a little bit
too. thanks
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Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
15) Durphey Corporation has provided the following data concerning last month's operations. Purchases of raw materials...
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12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 61,000 actual direct labor-hours and incurred $552,000 of actual manufacturing overhead cost. The company had estimated that it would work 62,000 direct labor-hours during the year and incur $465,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice overapplied by $94,500 underapplied by...
Osborn Manufacturing uses a predetermined overhead rate of $19.50 per direct labor-hour. This predetermined rate was...
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manufacturing overhead and 12,500 direct labor-hours during the
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overapplied manufacturing overhead for the period. 2. Assume that
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15) Duphy Corporation has provided the following data concerning last month's operations Purchases of raw materials...
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Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
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dukes company used predetermined overhead rate of 2
dollars per direct labor. based on an estimate of 20000 direct
labor hours. actual manufacturing overhead cost incurred 38000
actual direct labor hours 18500 what was the overapplied or
undeapplied manufacturing for the year. what was the under or over
applied overhead for the year.
TR. 30,000 Direct labor Manufacturing overhead Tk. 40,000 Find the total manufacturing costs associated with Job 123 D. Dukes Company used a predetermined overhead rate this year...
18) Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred 34,000 Actual direct labor-hours worked 127,000 The overapplied or underapplied manufacturing overhead for the year was: A) $3,000 underapplied B) $3,000 overapplied C) $12,000 underapplied D) $12,000 overapplied 19) Boursaw Corporation has provided the following data concerning last...
the steps and formula should be same for these two but found
different steps applied, so please can you explain a little bit
too. thanks
17) Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $38,000 Actual direct labor-hours worked 18,500 The overapplied or underapplied manufacturing for the...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
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12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 61,000 actual direct labor-hours and incurred $552,000 of actual manufacturing overhead cost. The company had estimated that it would work 62,000 direct labor-hours during the year and incur $465,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice overapplied by $94,500 underapplied by...
Osborn Manufacturing uses a predetermined overhead rate of
$19.20 per direct labor-hour. This predetermined rate was based on
a cost formula that estimates $249,600 of total manufacturing
overhead for an estimated activity level of 13,000 direct
labor-hours. The company actually incurred $247,000 of
manufacturing overhead and 12,500 direct labor-hours during the
period. Required: 1. Determine the amount of underapplied or
overapplied manufacturing overhead for the period. 2. Assume that
the company's underapplied or overapplied overhead is closed to
Cost of...
15) Duphy Corporation has provided the following data concerning last month's operations Purchases of raw materials $ 25,000 Indirect materials included in manufacturing overhead $ 4,000 Direct labor cost $ 58,000 acturing whead applied to Work in Process $ 99,000 Beginning Ending $ 11,000 $ 17,000 How much is the total nanufacturing cost for the month on the Schedule of Cost of Goods Manufactured? A) 3176,000 B) 5172,000 C) 3152,000 D) 5224,000 16) Crich Corporationes direct labor-hours in its predetermined...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
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