Shong Company appies overhead based on machne hours. Athe beginning of 20x1. he company estimuted hatmanutacturing overhead would be 520.000 and machine hours would tota 20,000. By 20t yearend, actal ovetead ed4600, and achal machine hous were 2000 On the basis of his normaton he 20xt predemned overhead rateO104 per machine hour126 per machine hour121 per machine hour$1.05 per machane hou$22 per machine hour.

Name: Shong Company appies overhead based on machne hours. Athe beginning o
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Shong Company appies overhead based on machne hours. Athe beginning of 20x1. he company estimuted hatmanutacturing overhead would be 520.000 and machine hours would tota 20,000. By 20t yearend, actal ovetead ed4600, and achal machine hous were 2000

Business

Accounting

Song Company appies overhead based on machine hours Althe begirning of 201 manutactung ovemead would be 0 D00 and machine hours wou a 20000. By 20t yearend aralovetead ed A00, nd acal machne hous were 2800 O he basn of the ntrmton he 20xt pre mned overteat n 04 per machine hour 126 per ma hour 21 per machine hour per machine hou enachne hour $22

Song Company appies overhead based on machine hours Althe begirning of 201 manutactung ovemead would be 0 D00 and machine hours wou a 20000. By 20t yearend aralovetead ed A00, nd acal machne hous were 2800 O he basn of the ntrmton he 20xt pre mned overteat n 04 per machine hour 126 per ma hour 21 per machine hour per machine hou enachne hour $22

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...

See similar textbooks

Similar questions

Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate on 24,286 direct labor hours. At the end of the year, actual overhead was $90,000 and the total direct labor hours were 24,100. What is the entry to dispose of the over applied or under applied overhead?
Amanzi Company applies Overhead based on Direct Labour hours. At The beginning of the year, Amanzi estimates Overhead to be R700 000, Machine hours to be R200 000 and Direct labour hours to be R35000. During the year Amanzi has R5000 Direct labour hours and 10 000 Machine hoursWhat is the Predetermined Overhead rate?a. R15.00 per machine hourb. R14.00 per direct labour hourc. R20.00 per direct labor hourd. R18.00 per machine houre. None of these are correct.
Overhead is calculated by Amanzi Company based on Direct Labor hours. Amanzi forecasts Overhead to be R700 000, Machine hours to be R200 000, and Direct labour hours to be R35000 at the start of the year. Amanzi has 5000 direct labour hours and 10,000 machine hours each year. What is the rate of predetermined overhead? a. R15.00 per hour per machine b. R14.00 per hour of direct labour c. R20.00 per hour of direct work d. R18.00 per hour per machine g. None of them are valid options.
Seved Marutachring overthead was esimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000 and actel labor hours were 21000. The amount of manufacturing overhead appled to production would be: 6 Matole Oroice 0 O $45.0. O 420.00 SA35.750
Amanzi Company applies Overhead based on Direct Labour hours. At The beginning of the year, Amanzi estimates Overhead to be R700 000, Machine hours to be R200 000 and Direct labour hours to be R35000. During the year Amanzi has R5000 Direct labour hours and 10 000 Machine hours What is the Predetermined Overhead rate? a. R15.00 per machine hour b. R14.00 per direct labour hour c. R20.00 per direct labor hour d. R18.00 per machine hour e. None of these are correct.
Strong Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000. By 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. On the basis of this information, the 20x1 predetermined overhead rate was: Select one: a. $0.04 per machine hour b. S0.05 per machine hour c. $20 per machine hour d. $21 per machine hour e. $25 per machine hour
pany applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000. By 20x1 vear-end, actual overhead totaled $525,000, and actual machine hours were 25.000, On the basis of this information, the 20x1 predetermined overhead rate was: A) $20 per machine hour. B) $0.05 per machine hour. C) $0.04 per machine hour. D) $25 per machine hour. E) $21 per machine hour.
Company XYZ uses machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 190,000 hours. The estimat variable overhead is $9 per hour and the estimated fixed overhead costs are $152,000. Calculate the predetermined overhead rate. Select one: O a. $10.80 Ob. $9.80
Company XYZ uses machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 190,000 hours. The estimat variable overhead is $9 per hour and the estimated fixed overhead costs are $152.000. Calculate the predetermined overhead rate. Select one: Oa. $10.80 Ob. $9.80
A company expected its annual overhead costs to be $3000000 and direct labor costs to be $1500000. Actual overhead was $2950000, and actual labor costs totaled $1650000. How much is the company’s predetermined overhead rate to the nearest cent? $1.79 $2.00 $1.97 $1.82
Jeremy Inc. forecasts that total overhead for the current year will be $1,050,000 with 700,000 total machine hours. Year to date, the actual overhead is $1,200,000 and the actual machine hours are 850,000 hours. The company uses a predetermined overhead rate based on machine hours for applying overhead. As of this point in time (year to date), the amount of allocated overhead is what? Group of answer choices $987,000 $1,200,000 $1,050,000 $1,275,000
Amanzi Company applies Overhead based on Direct Labour hours. At The beginning of the year, Amanzi estimates Overhead to be R700 000, Machine hours to be R200 000 and Direct labour hours to be R35000. During the year Amanzi has R5000 Direct labour hours and 10 000 Machine hours What is the Predetermined Overhead rate?