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

1. 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

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