A company budgets overhead cost of $8,476,000 for the next year. The company uses machine hours as its overhead allocation base. If 400,000 machine hours are planned for the next year, what is the company’s plantwide overhead rate? (Round your answer to two decimal places.)
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: The plantwide overhead rate is a single overhead rate used by a company to allocate all of its…
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A: Per unit conversion cost=Budgeted conversion costsMinutes taken=$420,0002,100×6015=$50
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A: Overheads are considered as fixed and common expenses that should be allocated to the products on…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Overheads are common manufacturing expenses that should be allocated to the products on the basis of…
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A: Overhead means the amount spend in manufacturing the goods in factory indirectly like foreman…
Q: At the begging of the year, Crane Company estimates annual overhead costs to be 2400000 and that…
A: Calculate overhead cost per machine hour:
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: The traditional method of overhead allocation is based on a predetermined overhead rate. The…
Q: Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to…
A: Overheads are considered as fixed and common expenses that should be allocated to the products on…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Overhead Cost or Expenditure is the expenses which is incurred for running the production or factory…
Q: Factory Overhead (a) Determine the total factory overhead amount applied. Total factory overhead…
A: Overhead is the total indirect costs of materials, labour and other expenses which needs to be…
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A: Variance is the difference between the expected value and the actual results. It can be calculated…
Q: a. Determine the total factory overhead amount applied. Round to the nearest dollar. $fill in the…
A: It is said to be the favourable effect, when the overheads applied exceeds the actual overheads…
Q: Tech Solutions computes its predetermined overhead rate annually based on direct labor-hours. At the…
A: PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.Predetermined overhead…
Q: The Cavy Company estimates that the factory overhead for the following year will be $1,558,000. The…
A: Overheads are considered as fixed and common expenses that should be allocated to the products on…
Q: The management of Red Star Company estimates that 60,000 machine-hours will be required to support…
A: A predetermined overhead rate is an allocation rate that is used to apply the estimated cost of…
Q: Winston Company estimates that the factory overhead for the following year will be $609,500. The…
A: Determination of the factory overhead cost applied:: Factory overhead rate=$609,500/26500 Machine…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.Predetermined overhead…
Q: Thomlin Company forecasts that total overhead for the current year will be $10,864,000 with 194,000…
A: Projected total overhead = $10,864,000 Projected machine hours = 194,000 Hours
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: As per the given information: Estimated direct-labor hours - 32,000 direct-labor hours Estimated…
Q: The Thomlin Company forecasts that total overhead for the current year will be $11,571,000 with…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: The pre-determined overhead rate is calculated as the total estimated overhead costs divided by the…
Q: Thomlin Company forecasts that total factory overhead for the current year will be $11,338,000 with…
A: The objective of the question is to calculate the predetermined factory overhead rate based on…
Q: Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be…
A: The traditional method of overhead allocation is based on a predetermined overhead rate. The…
Q: Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000…
A: Predetermined overhead rate = Total estimated overhead costs / total estimated machine hours =…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Lets understand the basics.Predetermined rate means an indirect cost rate.predetermined overhead…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Plantwide Predetermined overhead rate is used to apply manufacturing overhead to products or job…
Q: Thomlin Company forecasts that total overhead for the current year will be $11,661,000 with 181,000…
A: Manufacturing overhead means the expense incurred in factory which is not directly linked with…
Q: Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is…
A: The objective of the question is to calculate the overhead cost per unit for Product L given the…
Q: ny forecasts that total overhead for the current year will be $11,649,000 with 153,000 total machine…
A: Answer : Predetermine overhead rate Predetermine overhead rate = Estimated overhead / Total…
Q: Winston Company estimates that total factory overhead for the following year will be $1,050,300. The…
A: The factory overheads are the indirect costs. The estimated overheads are based on estimates and the…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Predetermined Overhead rate is the ratio of estimated manufacturing overhead costs and the estimated…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: PREDETERMINED OVERHEAD RATE Predetermined rate means an indirect cost rate. predetermined overhead…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: The objective of the question is to calculate the plantwide predetermined overhead rate for Harris…
Q: Thomlin Company forecasts that total factory overhead for the current year will be $15,570,000 with…
A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…
Q: ch Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours.…
A: The predetermined overhead rate is calculated as follows: Predetermined overhead rate = Estimated…
Q: Winston Company estimates that total factory overhead for the following year will be $1,347,500. The…
A: The factory overheads are the indirect costs. The estimated overheads are based on estimates and the…
Q: Adams Corporation estimated its overhead costs would be $23,000 per month except for January when it…
A: A budget is an estimation or a financial plan for a defined period, usually one year. It may also…
Q: he Thomlin Company forecasts that total overhead for the current year will be $11,385,000 with…
A: Formula: Predetermined overhead rate = Estimated overheads / Estimated labor hours Division of…
Q: Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct…
A: Predetermined overhead rate is the estimated overhead rate which is calculated by dividing the…
Q: Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the…
A: Budgeting is the process of undertaking plans to spend money. This plan enables the business to…
Q: Walton Corporation estimated its overhead costs would be $23,400 per month except for January when…
A: The overhead rate is a cost that is allocated to the product or service at the time of production.…
Q: Angler Industries produces a product which goes through two operations, Assembly and Finishing,…
A: Plantwide Overhead Rate:- It is the rate used to allocate manufacturing overhead costs to cost…
Q: The Thomlin Company forecasts that total overhead for the current year will be $11,764,000 with…
A: Variance is the difference between the expected value and the actual results. It can be calculated…
Q: Cavy Company estimates that total factory overhead costs for the following year will be $994,000.…
A: The objective of the question is to calculate the predetermined factory overhead rate per machine…
Q: Thomlin Company forecasts that total overhead for the current year will be $11,176,000 with 183,000…
A: PREDETERMINED OVERHEAD RATE Predetermined rate means an indirect cost rate. predetermined overhead…
Q: Winston Company estimates that the factory overhead for the following year will be $1,168,000. The…
A: Predetermined Overhead rate per machine hour = Estimated Overhead / estimated Machine hours =…
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- Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 42,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $571,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $773,298 and its actual total direct labor was 42,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLHBoxer Manufacturing produces luxury dog houses. Each dog house requires 4.0 hours of machine time for its elaborate trim and finishing. For the current year, Boxer calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $202,000 per month. Last month, Boxer produced 2,000 dog houses and incurred $196,400 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U) in the input field after the amount you enter.) Fixed MOH budget varianceHarris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 44,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $557,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $808,080 and its actual total direct labor was 44,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH
- Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 34,000 direct labor - hours would be required for the period's estimated level of production. The company also estimated $583,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor - hour. Harris's actual manufacturing overhead cost for the year was $714, 049 and its actual total direct labor was 34, 500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year.Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 31,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $517,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $670,239 and its actual total direct labor was 31,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. Predetermined overhead rate $ 22.13 X per DLHChimneySweep provides cleaning services for residential chimneys and fireplaces. The cleaning service requires $35 in variable costs for cleaning materials. The fixed costs of labor, the company’s truck, and administrative support are $165,000 per year. ChimneySweep averages 100 service calls per month. What is the average cost per cleaning service call? Round your answer to 2 decimal places.
- Gloves and mittens are two related goods made by Kettle Factory. The overall manufacturing overhead budget is $1,050,000, with 600,000 direct labor hours expected. Glove manufacture is expected to take 375,000 direct labor hours, while mitten production will take 225,000 direct labor hours. Round your answers to two decimal places, if necessary. a. Determine the single plantwide factory overhead rate based on direct labor hours.$fill in the blank 1 per direct labor hour b. How much is the factory overhead cost per pair of gloves if each pair requires 2 hours to produce?$fill in the blank 2 c. How much is the factory overhead cost per pair of mittens if each pair takes 1.5 hours to produce?$fill in the blank 3 d. How much total factory overhead will be allocated to glove production if 187,500 pairs are budgeted and 190,000 pairs are actually produced during the period? Use your answer from (b) above.$fill in the blank 4 e. How much total factory overhead will be allocated to mitten…United Airlines estimates that the factory overhead for the following year will be $1,400,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300 hours. The actual factory overhead for the year was $1,475,000. (a) Determine the total factory overhead amount applied. (b) Calculate the over- or underapplied amount for the year. (c) Prepare the journal entry to close Factory Overhead into Cost of Goods Sold.Harris Fabrics computes its plantwide predetermined overhead rate annually based on direct labor-hours. At the beginning of the year, it estimated 25,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $579,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor hour Hanis's actual manufacturing overhead cost for the year was $734,655 and its actual total direct labor was 25.500 hours. Required: Compute the company's plantwide predetermined overhead rate Note: Round your answer to 2 decimal places. Predetermined overhead rate per DLH
- Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 38,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $529,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $751,561 and its actual total direct labor was 38,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. Note: Round your answer to 2 decimal places.Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 27,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $579,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $720,347 and its actual total direct labor was 27,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLHHarris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 30,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $507,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $652,700 and its actual total direct labor was 30,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH
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