Question

Riverview Company's budget for the coming year includes $5,600,000 for manufacturing overhead, 20,000 hours of direct...

Riverview Company's budget for the coming year includes $5,600,000 for manufacturing overhead, 20,000 hours of direct labor, and 200,000 hours of machine time.

If Riverview applies overhead using a predetermined rate based on labor-hours, what amount of overhead will be assigned to a unit of output which requires 0.9 machine hours and 0.90 labor hours to complete?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Correct answer-----------$252

Working

(A) Estimated Manufacturing Overheads $ 5,600,000
(B) Estimated Direct labor hours              20,000
C= (A/B) Predetermined Overhead rate $          280.00
(D) Actua lDirect labor hours                   0.90
E=(DxC) Overheads Applied                    252
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The manufacturing overhead budget at Lamy Corporation is based on budgeted direct labor-hours. The direct labor...
The manufacturing overhead budget at Lamy Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,100 direct labor-hours will be required in August. The variable overhead rate is $8.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $132,770 per month, which includes depreciation of $24,850. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for August should be: August Budgeted...
The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor...
The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,300 direct labor-hours will be required in May. The variable overhead rate is $8.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $117,180 per month, which includes depreciation of $24,940. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for May should be: Multiple Choice...
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor...
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 1,600 direct labor-hours will be required in February. The variable overhead rate is $3.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $28,320 per month, which includes depreciation of $3,680. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for February should be: Multiple Choice...
The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor...
The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,200 direct labor-hours will be required in January. The variable overhead rate is $7 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,060 per month, which includes depreciation of $3,700. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Q7. Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget...
Q7. Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 9,100 direct labor-hours will be required in May. The variable overhead rate is $2.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $100,440 per month, which includes depreciation of $8,910. All other fixed manufacturing overhead costs represent current cash flows. The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be? Q8. The following data pertains to...
The manufacturing overhead budget at Rotring Corporation is based on budgeted direct labor-hours. The direct labor...
The manufacturing overhead budget at Rotring Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,800 direct labor-hours will be required in September. The variable overhead rate is $7.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,120 per month, which includes depreciation of $3,640. All other fixed manufacturing overhead costs represent current cash flows. The September cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: Manufacturing Overhead Budget: September Budgeted...
Edgington Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is...
Edgington Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $91,020 per month, which includes depreciation of $19,810. All other fixed manufacturing overhead costs represent current cash flows. The November direct labor budget indicates that 8,200 direct labor-hours will be required in that month. Required: a. Determine the cash disbursement for manufacturing overhead for November. b. Determine the predetermined overhead rate for November....
Roberts Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates...
Roberts Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,600 direct labor-hours will be required in August. The variable overhead rate is $5.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $69,440 per month, which includes depreciation of $15,680. All other fixed manufacturing overhead costs represent current cash flows. What are the projected August cash disbursements for manufacturing overhead? $_____________________ Show your work:
Cutting Finishing Direct labor-hours 8,900 73,000 Machine-hours 50,600 1,700 Total fixed manufacturing overhead cost $ 370,000...
Cutting Finishing Direct labor-hours 8,900 73,000 Machine-hours 50,600 1,700 Total fixed manufacturing overhead cost $ 370,000 $ 591,000 Variable manufacturing overhead per machine-hour $ 2.00 — Variable manufacturing overhead per direct labor-hour — $ 3.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor-hours 3 19 Machine-hours 84 4 Direct materials $ 800 $ 350...
Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates...
Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 7,400 direct labor-hours will be required in August. The variable overhead rate is $1.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $100,400 per month, which includes depreciation of $8,950. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: Multiple Choice $11,840 $103,290 $112,240 $91,450 3....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT