Question

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations.

Estimated manufacturing overhead $176,700
Estimated machine-hours 1,900
Actual manufacturing overhead $168,100
Actual machine-hours 1,820


The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year.

The predetermined overhead rate is closest to:

$93.00

$92.81

$92.36

$92.17

Homework Answers

Answer #1

Option A

Predetermined overhead rate=Estimated manufacturing overheads/Estimated Machine Hours

                                         =$176,700/1,900

                                         =$93

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $325,440 Estimated machine-hours 2,400 Actual manufacturing overhead $320,300 Actual machine-hours 2,370 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was: Noreen 4e Recheck 2017-16-03 $4,068 underapplied $1,072...
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $361,260 Estimated machine-hours 2,700 Actual manufacturing overhead $354,700 Actual machine-hours 2,660 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was: Noreen 4e Recheck 2017-16-03 $5,352 underapplied $5,352...
Brickner  and Velez Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following...
Brickner  and Velez Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. estimated manufacturing overhead: 139,080 estimated machine hours: 3,800 Actual Manufacturing Overhead: 137,000 Actual Machine Hours: 3,780    The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. What is the Predetermined OH rate?_____________ If the Lezcano...
Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermined...
Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermined overhead rate for fixed manufacturing overhead is $4.10 per machine-hour and the denominator level of activity is 4,300 machine-hours. In the most recent month, the total actual fixed manufacturing overhead was $17,730 and the company actually worked 4,230 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 4,250 machine-hours. What was the overall fixed manufacturing overhead volume...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244,200 and 9,200 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $245,000 and actual direct labor-hours were 6,100. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Garrison 16e Rechecks 2017-08-28 Multiple Choice $162,443 $161,894 $305,366 $244,976
Merone Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company bases...
Merone Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company bases its predetermined overhead rate on 3,800 machine-hours. The company's total budgeted fixed manufacturing overhead is $14,060. In the most recent month, the total actual fixed manufacturing overhead was $13,480. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?...
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of...
Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $325,000 and machine hours to be 25,000. Actual manufacturing overhead and machine hours were $372,000 and 26,000, respectively. Required: 1. Compute the predetermined overhead rate. 2. Compute applied manufacturing overhead. 3. Compute over- or underapplied manufacturing overhead. Compute the predetermined overhead rate. Predetermined Overhead Rate    per Machine Hour Compute applied manufacturing overhead....
Junior Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Junior Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $240,600 and 5,600 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,600 and actual direct labor-hours were 4,900. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $32,096 overapplied $30,096 overapplied $32,096 underapplied $30,096 underapplied
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $243,300 and 8,300 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $244,400 and actual direct labor-hours were 5,800. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) A. $74,402 overapplied B. $74,402 underapplied C. $73,302 overapplied D. $73,302 underapplied
Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for...
Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year: Estimated machine-hours 35,900 Estimated variable manufacturing overhead $ 6.73 per machine-hour Estimated total fixed manufacturing overhead $ 801,288 Actual machine-hours for the year 33,300 The predetermined overhead rate for the recently completed year was closest to:
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT