Catherine Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the company worked 57,000 actual direct labor hours and incurred ₱345,000 of actual manufacturing overhead cost. The Company had estimated that it would work 55,000 direct labor hours during the year and incur ₱330,000 of manufacturing overhead cost. The company's manufacturing overhead cost for the year was:   A. Overapplied by ₱3,000 B. Overapplied by ₱15,000 C. Underapplied by ₱3,000 D. Underapplied by ₱15,000

Q: Cavy Company estimates that the factory overhead for the following year will be $768,900. The…

A: Predetermined overhead rate = Total estimated factory overhead / Total estimated Machine hours…

Q: During the month of January, direct labor cost totaled PhP850,000 and direct labor cost was 60% of…

A: Labor cost = Php 850,000 Labor cost ratio in prime cost = 60% Prime cost = 850,000/0.60 = Php.…

Q: Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:…

A: Under applied overhead = Actual overhead - Expected overhead

Q: Company XYZ uses direct labor hours to allocate its manufacturing overhead. Manufacturing overhead…

A: Manufacturing Overheads: Manufacturing Overheads are the overheads that are not directly attributed…

Q: XYZ Company had the following information available for the last year: manufacturing overhead for…

A: Applied overhead = Actual manufacturing overhead + Overapplied overhead = OMR 250,000 + 10200 = OMR…

Q: At the beginning of the year, a company predicts total overhead costs of $560,000. The company…

A: Formula: Applied Overhead = Total Overhead cost x ( Machine hours in the month of January / Total…

Q: Factory Overhead (a) Determine the total factory overhead amount applied. Total factory overhead…

A: Overhead is the total indirect costs of materials, labour and other expenses which needs to be…

Q: Bradbeer Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of…

A: The estimated manufacturing overhead is the budgeted or expected overhead. It can be calculated on…

Q: predetermined overhead rate based on direct labor hours

A: Predetermined overhead rate (POR) = Estimated manufacturing overhead/Estimated direct labor hours

Q: Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the…

A: Overhead expenses or costs are those costs which have to be incurred in to produce the production of…

Q: The following information were taken from the books of Mas Masayun Gud Eni Corporation during the…

A: Meaning of Overapplied or Underapplied overhead :- Overhead is said to be Overapplied if the Actual…

Q: Winston Company estimates that the factory overhead for the following year will be $675,400. The…

A: Journal entry is the process of documenting commercial transactions for the first time in the books…

Q: Cavy Company estimates that the factory overhead for the following year will be $524,900. The…

A: Formula for predetermined overhead rate Predetermined Overhead Rate =Estimated Factory…

Q: manufacturing company applies factory overhead based on direct labor hours. At the beginning of the…

A: Solution: Applied overhead is the overhead which is applied to production based on predetermined…

Q: Southern Rim Parts estimates its manufacturing overhead to be $495,000 and its dir three Jobs that…

A: a. Predetermined overhead rate Estimated Manufacturing overhead 495000 /Estimated direct…

Q: WYENNE Corporation uses a predetermined overhead application rate of P.30 per direct labor hour.…

A: Overheads are the indirect costs and expenses related to production and manufacturing of goods.…

Q: A company which uses a job order costing system charges its overheads to production on the basis of…

A: Overhead cost is applied on the basis of Budgeted overhead rate.   Formula for Overhead rate:…

Q: Your Corporation uses a predetermined overhead rate based on direct labor hours to apply…

A: Direct labour cost means wages of employees which are directly engaged in production and…

Q: Bradbeer Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of…

A: Overheads are the total indirect costs that are incurred for production and manufacturing of goods,…

Q: Winston Company estimates that the factory overhead for the following year will be $967,500. The…

A: Predetermined  overhead rate  = Estimated  factory  overhead/ Estimated factory  overhead

Q: Winston Company estimates that the factory overhead for the following year will be $833,900. The…

A: Pre-Determined Manufacturing Overhead: Pre-Determined Manufacturing Overhead Rate is an allocation…

Q: During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs,…

A: Predetermined overhead rates are used for allocating the indirect overhead cost. It can be allocated…

Q: Winston Company estimates that the factory overhead for the following year will be $1,134,000. The…

A: Budgeted overhead = $1,134,000 Budgeted Machine Hours = 37,800 Thus Rate at which overhead will be…

Q: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500…

A: Predetermined overhead rate: Predetermined overhead is calculated based on estimations.…

Q: Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the…

A: Predetermined overhead rates are used to allocate indirect costs. Alternatively, activity-based…

Q: During the month of March, direct labor cost totaled PhP850,000 and direct labor cost was 70% of…

A: Prime cost = Direct labor cost/Percentage of direct labor cost on prime cost

Q: Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to…

A: Pre determined overhead Allocation  The purpose calculating the pre determined overhead allocation…

Q: During the month of February, direct labor cost totaled PhP650,000 and direct labor cost was 40% of…

A: Answer -  Calculation of manufacturing overhead -  Direct labor cost total = 650,000 Its equal prime…

Q: Your Corporation uses a predetermined overhead rate based on direct labor hours to apply…

A: 1) predetermined overhead rate   assessed moh/assessed direct work cost   1,200,000/(50,000*12)…

Q: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of…

A: Manufacturing overhead cost are the indirect factory costs which are incurred during the…

Q: During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs,…

A: Direct labor hours: It refers to the total number of labour hours required to produce the product

Q: lbuquerque Manufacturing Company uses a predetermined overhead rate based on direct labor hours to…

A: solution : Given : Estimated direct labor hours =55,000 Estimated manufacturing overhead cost…

Q: Reynolds Manufacturers Inc. has estimated total factory overhead costs of $88,800 and expected…

A: The traditional method of overhead allocation is based on a predetermined overhead rate. The…

Q: XYZ Corporation uses a predetermined overhead application rate of P.30 per direct labor hour. During…

A: Actual hours = applied overhead / predetermined overhead application rate  = P363,000 /0.30 =…

Q: Reynolds Manufacturers Inc. has estimated total factory overhead costs of $141,600 and expected…

A: Debit to wip and credit to factory overhead credited for = (141,600 /11,800 ) *1,560  = 12*1,560  =…

Q: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of…

A: Solution....     Estimated manufacturing overhead costs  = $328,000. Estimated direct labor hours  =…

Q: Albuquerque Manufacturing Company uses a predetermined overhead rate based on direct labor hours to…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Q: York Company is a machine shop that estimated overhead will be $84,000, consisting of 7,000 hours of…

A: Given: Estimated overhead = $84,000 Direct labor hours = 7,000 Material cost = $60 labor hours = $30

Q: Munawar Corporation uses a predetermined overhead rate based on direct labor-hours to apply…

A: Under applied overhead cost means that actual overhead cost is greater than the cost applied or…

Q: XYZ Corporation uses a predetermined overhead application rate of P.30 per direct labor hour. During…

A: Solution: Actual direct labor hours = Overhead applied /  predetermined overhead application rate

Q: Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to…

A: Working Notes: 1.  Estimated Manufacturing overhead cost = $ 500,000 2. Estimated Machine hours =…

Q: Winston Company estimates that the factory overhead for the following year will be $653,400. The…

A: Overheads are considered as fixed and common expenses that should be allocated to the products based…

Q: jobs were worked on during the year: Job A-101 and Job A-102. The number of direct labor-hours spent…

A: The question is multiple choice question and related to overheads.

Q: Thomlin Company forecasts that total factory overhead for the current year will be $17,280,000 with…

A: Formula: Predetermined overhead rate = Estimated overhead / Estimated Machine hours.

Q: Cavy Company estimates that the factory overhead for the following year will be $927,200. The…

A: Estimated factory overhead $9,27,200   Estimated machine hours 24400 hours Predetermined…

Q: The following information relates to Dela Cruz Company for last year. Dela Cruz uses direct labor…

A: Overheads means all type of indirect costs that are incurred for production and manufacturing of…