Question
In: Accounting
The following budget data are available for Sharp Company:
The following budget data are available for Sharp Company:
Estimated direct labor hours 12,000
Estimated direct labor dollars $90,000
Estimated factory overhead costs $180,000
Actual direct labor hours 11,500
Actual direct labor dollars $92,000
Actual factory overhead costs $181,000
If factory overhead is applied based on direct labor hours, the amount of overhead to be applied is
Formula: Est. OH/Est. DLH-POH Rate; POH Rate x Actual DLH = OH Applied
a. $181,000
b. $184,000
c. $180,000
d. $172,500
Solutions
ekkarill92 answered 2 years agoRelated Solutions
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Shares Jan. 1, 2020, Beginning
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550,000Apr. 1, 2020, Purchase of treasury
shares
(50,000)July 1, 2020, Stock dividend of
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shares
250,0004% Cumulative Convertible Preferred Stock10,000 shares, par value is $100, convertible into 150,000
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Units in beginning inventory……………….0
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Units in ending inventory………………
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Variable costs per unit:
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materials…………..
$ 65.00
Direct labor………………..
$ 30.00
Variable manufacturing
overhead $
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Variable
selling/administrative
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November
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On hand, 10 units at $2 each
8
Sold, 6 units for $10 each
14
15
Purchased, 30 units at $3 each
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1
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7
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12
Sold 2,300 units
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Jan. 1, 2018, Beginning number
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Mar. 1, 2018, Purchase of treasury shares
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613,400
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Mar. 1, 2020, Purchase of treasury shares
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