COMM305 - Week 2 Exercises

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Marigold Company applies overhead on the basis of machine hours. Given the following data, what is the overhead applied and the under- or overapplication of overhead for the period? Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $3160000 $2900000 350000 280000 O $3160000 applied and $372000 overapplied O $2528000 applied and $372000 overapplied O $2900000 applied and neither under- nor overapplied O $2528000 applied and $372000 underapplied

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Using a Predetermined OH rate of 150% Work in Process Beginning = 35400Direct Materials = 55,600Direct Labor =?Overhead Applied =? Cost of Goods Manufactured = 223,300 Ending Work in Process = 5200 What is the amount of Applied Overhead?

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Concord Corporation applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period: Estimated annual overhead cost $1500000 Actual annual overhead cost $1475000 Estimated machine hours 500000 Actual machine hours 490000 $1470000 applied and $5000 overapplied $1475000 applied and neither under-nor overapplied $1470000 applied and $5000 underapplied $1500000 applied and $5000 overapplied

Swifty Company applies overhead on the basis of machine hours. Given the following data, what is the overhead applied and the under- or overapplication of overhead for the period? Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $1660000 $1555000 320000 100000 O $1660000 applied and $1036250 overapplied O $1555000 applied and neither under-nor overapplied O $518750 applied and $1036250 underapplied O $518750 applied and $1036250 overapplied

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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

Assume (1) estimated total manufacturing overhead cost = $100,000, (2) estimated total amount of the allocation base = 20,000 direct labor hours, (3) the total direct labor hours actually worked during the period = 22,800, and (4) the total manufacturing overhead actually incurred during the period is $103,000. What is the total amount of underapplied or overapplied overhead for the period? X $11,000 overapplied $11,000 underapplied $13,000 overapplied $13,000 underapplied

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What is the overhead application rate?

The following information was gathered for the Greensprings Corporation for the most recent year. Manufacturing overhead is allocated using machine hours, Actual machine hours Allocated manufacturing overhead. Estimated manufacturing overhead costs Actual manufacturing overhead costs By how much is manufacturing overhead over or underallocated? A. $82,000 overallocated B. $82,000 underallocated OC. $8,000 underallocated OD. $8,000 overallocated 139,000 $1,130,000 $1,056,000 $1,138,000

What is the overhead allocation rate?

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The T-account showing the manufacturing overhead activity for Kenneth Corp. for 2018 is as follows: Manufacturing Overhead 210,000 196,000 Read the requirements. Requirement 1. What is the actual manufacturing overhead? Actual manufacturing overhead: S Requirement 2. What is the allocated manufacturing overhead? Allocated manufacturing overhead: S Requirement 3. Is manufacturing overhead underallocated or overallocated? By how much? Manufacturing overhead is by $

Compute it's overhead rate

Use the following information to answer the question.   Estimated manufacturing overhead $180,000   Actual manufacturing overhead $240,000   Estimated direct labour hours 15,000   Actual direct labour hours worked 16,000   The predetermined overhead rate for applying manufacturing overhead would be: