Estimated manufacturing overheadEstimated direct labor costActual manufacturing overheadActual direct labor costCompany Dept. A$500,000$338,000$162,000$250,000$130,000 $120,000$720,000 $400,000 $320,000$300,000 $160,000$140,000Dept B.Based on this information, the predetermined overhead rate per direct labor dollar for Dept. A is

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Description: Estimated manufacturing overheadEstimated direct labor costActual manufacturing overheadActual direct labor costCompany Dept. A$500,000$338,000$162,000$250,000$130,000 $120,000$720,000 $400,000 $320,000$300,000 $160,000$140,000Dept B.Based on this i

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Estimated manufacturing overhead Estimated direct labor cost Actual manufacturing overhead Actual direct labor cost Company Dept. A Dept B. $162,000 $500,000 $338,000 $250,000 $130,000 $120,000 $720,000 $400,000 $320,000 $300,000 $160,000 $140,000 Based on this information, the predetermined overhead rate per direct labor dollar for Dept. A is

Estimated manufacturing overhead Estimated direct labor cost Actual manufacturing overhead Actual direct labor cost Company Dept. A Dept B. $162,000 $500,000 $338,000 $250,000 $130,000 $120,000 $720,000 $400,000 $320,000 $300,000 $160,000 $140,000 Based on this information, the predetermined overhead rate per direct labor dollar for Dept. A is

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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A company calculated the predetermined overhead based on an estimated overhead of $70.000, and the activity for the cost driver was estimated as 2,500 hours. If product A utilized 1,350 hours and product 8 utilized 1,100 hours, what was the total amount of overhead assigned to the products? A. $35000 B. $30.800 C. $37,800 D. $68,600
Estimated manufacturing overhead Estimated direct labor cost Actual manufacturing overhead Actual direct labor cost $500,000 $250,000 $720,000 $300,000 Based on this information, the predetermined overhead rate per direct labor dollar is
Company Dept. A Dept B. Estimated manufacturing overhead $500,000 $338,000 S162,000 Estimated direct labor cost Actual manufacturing overhead Actual direct labor cost $250,000 $130,000 $120,000 $720,000 S400,000 $320,000 $300,000 $160,000 $140,000 Based on this information, the predetermined overhead rate per direct labor dollar for Dept. Bis $
Here are selected data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $257,750 35,000 36,000 $330,400 $320,300 $65,400 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? OA. 78% of direct labor cost OB. 80 % of direct labor cost OC. 128% of direct labor cost OD. 103% of direct labor cost Factory utilities Indirect labor Sales commissions Factory rent Factory property taxes. Indirect materials COS $30,200 $22,400 $53,700 $47,700 $28,100 $33,000
services XYZ industries applies overhead based on direct labor cost. The following information was available for the last year: Actual manufacturing overhead OMR50,000; Underapplied manufacturing overhead OMR10,400; Actual Prime cost OMR52,000; Actual Direct material cost OMR19,000; Estimated direct labor cost OMR41,000 overhead for the year? What was the estimated man turi Select one: O a. OMR49,200 O b.OMR39,600 O c. None of the answers given O d. OMR46,800 e OMRS1,600 ge Next page
How can I do this problem? Required: Calculate the cost per equivalent unit for materials, labor and manufacturing overhead and in total Cost per equivalent unit-Weighted-Average Method Material Labor Overhead Working in process, May 1…. $18,000 $5,500 $27,500 Cost Added during May 238,900 $80,300 $401,500 Equivalent units of production 35,000 33,000 33,000
Details $ Units produced 1,000 Direct materials $8 Direct labour $12 Fixed production overhead $7,000 Variable production overhead $3 Fixed selling and administrative $3,000 Variable selling and administrative $5 a) Determine the unit product cost under absorption costing. b)
The following information pertains to Whitestone Industries for the year: Estimated total overhead costs Estimated direct labor costs Actual direct labor costs Actual overhead costs Activity base $37,500 25,000 22,500 36,000 Direct labor costs What is the predetermined overhead rate for Whitestone Industries for the year? Oa. 62.5% Ob. 66.7% Oc. 150% Od. 160%
ParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing method
III. Manufacturing Overhead Costs estimated $ 500,000 Direct Labor Hours estimated 50,000 Machine Hours estimated 250,000 Direct Labor Costs estimated $ 1,000,000 Determine the Pre-determined Overhead rate based on the following: a Direct Labor Hours b Machine Hours c Direct Labor Cost
Indirect cost allocationCalculate the overhead surcharges for material, manufacturing & admin based on the followinginformation (numbers in kEUR, unless stated otherwise):Information on direct costsDirect material costs 5,000Direct manufacturing costs 7,500 Information on indirect costsEnergy 2,100Maintenance 500Vehicles 360Material 240Manufacturing 1,200Admin 750 Information on cost allocationEnergy 15,000 MWh manufacturing, 3,500 MWh maintenance, 1500 MWh material, 1,000 MWh admin Maintenance 5 hrs vehicles, 35 hrs manufacturing, 5 hrs material, 5 hrs adminVehicles 3 cars material, 6 cars manufacturing, 21 cars admin
Use the information in the following table to compute each department's contribution to overhead (both in dollars and as a percent). (Round Contribution percent to 1 decimal place.) Dept. A Dept. B Dept. C Sales Cost of goods sold Gross profit $ 55.000 $ 219,000 $ 85,000 113,880 105,120 45,050 39,950 34,650 20,350 4,380 Total direct expenses 38,320 9,366 Contribution to overhead Contribution percent (of sales) Which department contributes the largest dollar amount to total overhead?