Question
In: Accounting
Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...
Dagger Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $393,030. At the end of the year, actual direct labor-hours for the year were 21,200 hours, manufacturing overhead for the year was underapplied by $21,100, and the actual manufacturing overhead was $384,280. The predetermined overhead rate for the year must have been closest to:
$18.13 per direct labor-hour
$17.13 per direct labor-hour
$18.54 per direct labor-hour
$17.54 per direct labor-hour
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...
Crich Corporation uses direct labor-hours in its predetermined
overhead rate. At the beginning of the year, the estimated direct
labor-hours were 21,800 hours and the total estimated manufacturing
overhead was $497,040. At the end of the year, actual direct
labor-hours for the year were 21,500 hours and the actual
manufacturing overhead for the year was $492,040. Overhead at the
end of the year was: (Do not round your intermediate
calculations.)
A) $6,840 overapplied
B) $6,840 underapplied
C) $1,840 underapplied
D)...
Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year,...
Golden Corporation uses direct labor-hours in its predetermined
overhead rate. At the beginning of the year, the estimated direct
labor-hours were 22,700 hours. At the end of the year, actual
direct labor-hours for the year were 21,500 hours, the actual
manufacturing overhead for the year was $557,740, and manufacturing
overhead for the year was underapplied by $24,540. The estimated
manufacturing overhead at the beginning of the year used in the
predetermined overhead rate must have been:
$552,520.
$583,366.
$533,200.
$562,960.
11) Brand Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the...
11) Brand Corporation uses direct labor-hours in its
predetermined overhead rate. At the beginning of the year, the
estimated direct labor-hours were 21,860 hours and the total
estimated manufacturing overhead was $511,524. At the end of the
year, actual direct labor-hours for the year were 21,650 hours and
the actual manufacturing overhead for the year was $511,524.
Overhead at the end of the year was:
Multiple Choice
Top of Form
$4,964 overapplied
$4,964 underapplied
$4,914 underapplied
$4,914 overapplied
12) Weatherhead...
Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to...
Johansen Corporation uses a predetermined overhead rate
based on direct labor-hours to apply manufacturing overhead to
jobs. The Corporation has provided the following estimated costs
for the next year:
Direct
materials...................................
$6,000
Direct
labor.........................................
$20,000
Rent on factory
building......................
$15,000
Sales
salaries.....................................
$25,000
Depreciation on factory
equipment......
$8,000
Indirect
labor.......................................
$12,000
Production supervisor's
salary.............
$15,000
Jameson estimates that 20,000 direct labor-hours will be worked
during the year. The predetermined overhead rate per hour will
be:
A) $2.50 per direct labor-hour...
Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to...
Johansen Corporation uses a predetermined overhead rate based on
direct labor-hours to apply manufacturing overhead to jobs. The
Corporation has provided the following estimated costs for the next
year: Direct materials $ 6,000 Direct labor $ 20,000 Rent on
factory building $ 15,000 Sales salaries $ 25,000 Depreciation on
factory equipment $ 8,000 Indirect labor $ 12,000 Production
supervisor's salary $ 15,000 Jameson estimates that 20,000 direct
labor-hours will be worked during the year. The predetermined
overhead rate per hour...
Beta Fish Corporation uses a predetermined overhead rate based on direct labor hours to allocate manufacturing...
Beta Fish Corporation uses a predetermined overhead rate based
on direct labor hours to allocate manufacturing overhead to jobs.
The company estimated that it would incur $600,500 of
manufacturing overhead during the year and that 150,700 direct
labor hours would be worked. During the year, the company actually
incurred manufacturing overhead costs of $582,300 and 135,300
direct labor hours were worked.
By how much was manufacturing overhead overallocated or
underallocated for the year? (Round intermediary calculations to
the nearest cent...
1. Johnson Corporation (a television company) uses a predetermined overhead rate based on direct labor-hours to...
1.
Johnson Corporation (a television company) uses a predetermined
overhead rate based on direct labor-hours to apply manufacturing
overhead to jobs. The Corporation has provided the following
estimated costs for the next year:
Direct materials
$
20,000
Direct labor
$
15,000
Rent on factory building
$
25,000
Sales salaries
$
30,000
Depreciation on factory equipment
$
10,000
Indirect labor
$
20,000
Production supervisor's salary
$
10,000
Johnson Corporation estimates that 40,000 direct labor-hours
will be worked during the year to...
Sirmons Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At...
Sirmons Corporation bases its predetermined overhead rate on the
estimated labor-hours for the upcoming year. At the beginning of
the most recently completed year, the company estimated the
labor-hours for the upcoming year at 85,000 labor-hours. The
estimated variable manufacturing overhead was $10.77 per labor-hour
and the estimated total fixed manufacturing overhead was
$1,465,700. The actual labor-hours for the year turned out to be
74,000 labor-hours. The predetermined overhead rate for the
recently completed year was closest to:
$10.77 per...
Miguel Manufacturing Company uses a predetermined manufacturing overhead rate based on direct labor hours. At the...
Miguel Manufacturing Company uses a predetermined manufacturing
overhead rate based on direct labor hours. At the beginning of
2018, they estimated total manufacturing overhead costs at
$2,352,000, and they estimated total direct labor hours at 7,000.
The administration and selling overheads are to be absorbed in each
job cost at 15% of prime cost. Distribution cost should be added to
each job according to quotes from outside carriage companies. The
company wishes to quote for job # 401. Job stats...
H Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning...
H Corporation uses a predetermined overhead rate base on
machine-hours that it recalculates at the beginning of each year.
The company has provided the following data for the most recent
year.
Estimated manufacturing overhead from the
beginning of the year
$
310,000
Estimated activity level from the beginning of the year
20,000
machine-hours
Actual total fixed manufacturing overhead
$
338,000
Actual activity level
18,300
machine-hours
The amount of manufacturing overhead that would have been
applied to all jobs during the...
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