Question
Company prepared the following estimates at the beginning of the year. Department 1 Department 2 Total...
Company prepared the following estimates at the beginning of the year.
|
Department 1 |
Department 2 |
Total |
|
|
Overhead cost |
$405,000 |
$110,000 |
$515,000 |
|
Direct labor hours |
28,750 |
100,000 |
128,750 |
|
Machine hours |
90,000 |
-------- |
90,000 |
Company reported the following actual results for the month of July.
|
Department 1 |
Department 2 |
Total |
|
|
Overhead cost |
$34,000 |
$9,370 |
$43,370 |
|
Direct labor hours |
2,350 |
8,600 |
10,950 |
|
Machine hours |
7,400 |
-------- |
7,400 |
Assume that Company uses a plant-wide predetermined overhead rate and applies overhead based on direct labor hours.
Determine the applied overhead for the month of July.
Note: Give your answer using dollar signs and commas but no decimal points (cents).
Example: $12,345
QUESTION 5
-
Company prepared the following estimates at the beginning of the year.
Department 1
Department 2
Total
Overhead cost
$405,000
$110,000
$515,000
Direct labor hours
28,750
100,000
128,750
Machine hours
90,000
--------
90,000
Company reported the following actual results for the month of July.
Department 1
Department 2
Total
Overhead cost
$34,000
$9,370
$43,370
Direct labor hours
2,350
8,600
10,950
Machine hours
7,400
--------
7,400
Assume that Quiz Company uses departmental overhead rates and applies overhead in Department 1 based on machine hours and applies overhead in Department 2 based on direct labor hours.
Determine the applied overhead for the month of July.
Note: Give your answer using dollar signs and commas but no decimal points (cents).
Example: $12,345
Homework Answers
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