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
Answer #1
Not the answer you're looking for?
Similar Questions
Convert Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production At the beginning...
Convert Departmental Data to Plantwide Data, Plantwide Overhead
Rate, Apply Overhead to Production
At the beginning of the year, Jonson Company estimated the
following:
Firing Department
Polishing Department
Total
Overhead
$405,000
$110,000
$515,000
Direct labor hours
28,750
100,000
128,750
Kiln hours
90,000
—
90,000
Assume that Jonson has decided to use a plantwide overhead rate
based on direct labor hours. Actual data for the month of July are
as follows:
Firing Department
Polishing Department
Total
Overhead
$34,000
$9,370
$43,370
Direct...
At the beginning of the year, Wilson Company estimated the following: Overhead $360,000 Direct labor...
At the beginning of the year, Wilson Company estimated the
following:
Overhead
$360,000
Direct labor hours
40,000 hours
Machine hours
60,000 hours
Wilson uses normal costing and applies overhead on the basis of
direct labor hours. For the month of May, direct labor hours worked
were 4,200 and machine hours operated were 6,500. The actual
overhead incurred for the month was $58,500.
Q1. What is the predetermined overhead rate?
Q2. May’s manufacturing overhead was:
Convert Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production At the beginning...
Convert Departmental Data to Plantwide Data, Plantwide Overhead
Rate, Apply Overhead to Production
At the beginning of the year, Hallett Company estimated the
following:
Cutting Department
Sewing Department
Total
Overhead
$240,000
$350,000
$590,000
Direct labor hours
31,200
100,000
131,200
Machine hours
150,000
—
150,000
Assume that Hallett has decided to use a plantwide overhead rate
based on direct labor hours. Actual data for the month of June are
as follows:
Cutting Department
Sewing Department
Total
Overhead
$20,610
$35,750
$56,360
Direct...
Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser...
Calculating Departmental Overhead Rates and Applying Overhead to
Production
At the beginning of the year, Glaser Company estimated the
following:
Assembly
Department
Testing
Department
Total
Overhead
$338,000
$630,000
$968,000
Direct labor hours
130,000
40,000
170,000
Machine hours
45,000
120,000
165,000
Glaser uses departmental overhead rates. In the assembly
department, overhead is applied on the basis of direct labor hours.
In the testing department, overhead is applied on the basis of
machine hours. Actual data for the month of March are...
Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser...
Calculating Departmental Overhead Rates and Applying Overhead to
Production
At the beginning of the year, Glaser Company estimated the
following:
Assembly
Department
Testing
Department
Total
Overhead
$413,000
$425,390
$838,390
Direct labor hours
76,500
68,850
145,350
Machine hours
114,500
131,675
246,175
Glaser uses departmental overhead rates. In the assembly
department, overhead is applied on the basis of direct labor hours.
In the testing department, overhead is applied on the basis of
machine hours. Actual data for the month of March are...
Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser...
Calculating Departmental Overhead Rates and Applying Overhead to
Production
At the beginning of the year, Glaser Company estimated the
following:
Assembly
Department
Testing
Department
Total
Overhead
$571,000
$696,620
$1,267,620
Direct labor hours
49,500
43,065
92,565
Machine hours
88,750
68,338
157,088
Glaser uses departmental overhead rates. In the assembly
department, overhead is applied on the basis of direct labor hours.
In the testing department, overhead is applied on the basis of
machine hours. Actual data for the month of March are...
Garcia, Inc. uses a job-order costing system for its products, which pass from the Machining Department,...
Garcia, Inc. uses a job-order costing system for its products,
which pass from the Machining Department, to the Assembly
Department, to finished-goods inventory. The Machining Department
is heavily automated; in contrast, the Assembly Department performs
a number of manual-assembly activities. The company applies
manufacturing overhead using machine hours in the Machining
Department and direct-labor cost in the Assembly Department. The
following information relates to the year just ended:
Machining
Department
Assembly Department
Budgeted manufacturing overhead
$
4,000,000
$
3,080,000
Actual...
P2-4A Compute predetermined overhead rates, apply overhead, and calculate under- or overapplied overhead. Agassi Company uses a...
P2-4A Compute predetermined overhead rates, apply
overhead, and calculate under- or overapplied overhead.
Agassi Company
uses a job order cost system in each of its three manufacturing
departments. Manufacturing overhead is applied to jobs on the basis
of direct labor cost in Department D, direct labor hours in
Department E and machine hours in Department K
In establishing the
predetermined overhead rates for 2017, the following estimates were
made for the year.
Department
D
E
K
Manufacturing overhead
$1,200,000
$1,500,000
$900,000...
The Antigone Company uses machine hours to apply overhead to the Machining Department and direct labor...
The Antigone Company uses machine hours to apply overhead to the
Machining Department and direct labor hours in the Assembly
Department. The following information is available for the current
year:
Machining
Assembly
Estimated overhead
$
420,000
$
540,000
Estimated activity:
Machine hours
70,000
15,000
Direct labor hours
40,000
60,000
Actual activity:
Machine hours
64,500
12,500
Direct labor hours
35,000
63,200
What is the total amount of overhead assigned to the product?
$860,000
At the beginning of the year, a company predicts total overhead costs of $852,500. The company...
At the beginning of the year, a company predicts total overhead
costs of $852,500. The company applies overhead using machine hours
and estimates it will use 1,550 machine hours during the year. What
amount of overhead should be applied to Job 65A if that job uses 28
machine hours during January?
Overhead
applied to Job 65A
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 28 minutes ago
asked 28 minutes ago
asked 48 minutes ago
asked 51 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago