25. A manufacturing company had actual manufacturing overhead costing of PS00,000 and predetermined overhead rate of P3.00 per machine hour. Company worked 200,000 machine hours during the period. Total overhead of the company is a. P100,000 overapplied b. P100,000 underapplied C. PS00,000 underapplied d. None of this

25. A manufacturing company had actual manufacturing overhead costing of PS00,000 and predetermined overhead rate of P3.00 per machine hour. Company worked 200,000 machine hours during the period. Total overhead of the company is a. P100,000 overapplied b. P100,000 underapplied C. PS00,000 underapplied d. None of this

Name: 25. A manufacturing company had actual manufacturing overhead costing
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Description: 25. A manufacturing company had actual manufacturing overhead costing of P500,000 and predeterminedoverhead rate of P3.00 per machine hour. Company worked 200,000 machine hours during the period. Totaloverhead of the company isa. P100,000 overapplie

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 4TP: If a company bases its predetermined overhead rate on 100,000 machine hours, and It actually has...

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York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?
Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 60,000 or its expected machine hours of 30,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,550 in direct material cost, 90 direct labor hours, and 75 machine hours. Wages are paid at $16 per hour.
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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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