Question

What seems like a reasonable allocation base for the overhead costs that are accumulated for manufacturing...

What seems like a reasonable allocation base for the overhead costs that are accumulated for manufacturing pencils? Why?

Homework Answers

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
​Sybil, Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The...
​Sybil, Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job 300X. This job used 14 machine hours and 4 direct labor hours. The predetermined overhead allocation rate is calculated to be​ $44 per machine hour. What is the amount of manufacturing overhead allocated to Job 300X using machine hours as the allocation​ base? a. 176 b. 616 c. 792 d. 440
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Estimated...
Job Order Costing Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of...
Job Order Costing Data Allocation base Machine-hours Estimated manufacturing overhead cost $300,000 Estimated total amount of the allocation base 75,000 machine-hours Actual manufacturing overhead cost $290,000 Actual total amount of the allocation base 68,000 machine-hours Enter a formula into each of the cells marked with a ? below Computation of the predetermined overhead rate Estimated manufacturing overhead cost ? Estimated total amount of the allocation base ? machine-hours Predetermined overhead rate ? per machine-hour Computation of underapplied or overapplied manufacturing...
1.If the actual manufacturing overhead cost for a period exceeds the manufacturing overhead cost applied, then...
1.If the actual manufacturing overhead cost for a period exceeds the manufacturing overhead cost applied, then manufacturing overhead would be considered to be underapplied. True False . 2.Which of the following is the correct formula to compute the predetermined overhead rate? Actual total manufacturing overhead costs divided by estimated total units in the allocation base. Estimated total manufacturing overhead costs divided by actual total units in the allocation base. Estimated total units in the allocation base divided by estimated total...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead...
Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has always used direct labor hours to assign manufacturing overhead to products, but it is trying to decide whether it should use a different allocation base such as direct labor dollars or machine hours. Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Estimated...
Dimopoulos Pools manufactures swimming pool equipment. Estimated manufacturing Estimated quantity Predetermined Allocated overhead costs of allocation...
Dimopoulos Pools manufactures swimming pool equipment. Estimated manufacturing Estimated quantity Predetermined Allocated overhead costs of allocation base overhead rate overhead Direct labor hours $1,300,000 50,000 $26.00 per DL hour $1,357,200 Direct labor cost $1,300,000 $1,000,000 130% of DL cost $1,332,500 Machine hours $1,300,000 65,000 $20.00 per MH $1,276,000 Determine the total overallocation or underallocation of manufacturing overhead during the year in the following independent situations. Actual manufacturing costs for the year for Dimopoulos Pools totaled$1,325000. 1. Assume that the company...
1a) In applying costs using a predetermined overhead rate, the most common allocation base is generally...
1a) In applying costs using a predetermined overhead rate, the most common allocation base is generally a. indirect materials used. b. indirect labour hours. c. direct labour hours. d. direct materials used. 1b) Which one of the following is used to calculate the predetermined overhead rate? a. applied overhead costs b. predetermined overhead costs c. actual overhead costs d. estimated overhead costs
BMW began 2005 operations in West Germany using Manufacturing Overhead estimation and allocation. They developed the...
BMW began 2005 operations in West Germany using Manufacturing Overhead estimation and allocation. They developed the Predetermined Overhead Rate (POHR) that was based on overhead costs of $78,000 and an allocation base of Direct Labor Hours of 30,000. Year-end records indicate:    Machine Hours              30,000    Direct Labor Hours          25,000    Direct Labor Dollars       $90,000    Units produced              40,000 What is the amount of allocated overhead?
Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the...
Company expected to incur $9,450 in manufacturing overhead costs and use 4,500 machine hours for the year. Actual manufacturing overhead was $9,400 and the company used 5,050 machine hours. 9. Calculate the predetermined overhead allocation rate using machine hours as the allocation base. _______ / _________ = Predetermined overhead allocation rate ________/ __________ = ____ per machine hour 10. How much manufacturing overhead was allocated during the? year? ________ x ________ = overhead allocated ________ x _________ = ____________
Q1) FalmouthFalmouth Pools manufactures swimming pool equipment. FalmouthFalmouth estimates total manufacturing overhead costs next year to...
Q1) FalmouthFalmouth Pools manufactures swimming pool equipment. FalmouthFalmouth estimates total manufacturing overhead costs next year to be $2,500,000. FalmouthFalmouth also estimates it will use $37,500 direct labor hours and incur $1,200,000 of direct labor cost next year. In? addition, the machines are expected to be run for 30,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent? situations: 1. Assume that the company uses direct labor hours as its manufacturing overhead allocation base. 2. Assume...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT