Solve general accounting question At the beginning of the year, manufacturing overhead for the year was estimated tobe $878,325. At the end of the year, actual direct labor hours for the year were 36,310hours, the actual manufacturing overhead for the year was $839,600, and themanufacturing overhead for the year was overapplied by $49,995. If thepredetermined overhead rate is based on direct labor hours, then the estimateddirect labor hours at the beginning of the year used in the predetermined overheadrate must have beena. 34,269 direct labor hours.b. 35,850 direct labor hours.c. 36,310 direct labor hours.d. 32,229 direct labor hours.

Step 1:- Introduction to the Manufacturing OverheadManufacturing overhead refers to the indirect…

Answered: At the beginning of the year,…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 3EA: A company estimated 100,000 direct labor hours and $800,000 in overhead. The actual overhead was...

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A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was $445,000, and there were 50,500 direct labor hours. What is the predetermined overhead rate, and how much was applied during the year?
Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined overhead rate on 27,500 direct labor hours. At the end of the year, actual overhead was $106,000 and the total direct labor hours were 29,000. What is the entry to dispose of the over applied or under applied overhead?
Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate on 24,286 direct labor hours. At the end of the year, actual overhead was $90,000 and the total direct labor hours were 24,100. What is the entry to dispose of the over applied or under applied overhead?
If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000
The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be 3,150,000, and total direct labor costs would be 1,800,000. During February, the actual direct labor cost totalled 160,000, and factory overhead cost incurred totaled 283,900. a. What is the predetermined factory overhead rate based on direct labor cost? b. Journalize the entry to apply factory overhead to production for February. c. What is the February 28 balance of the account Factory OverheadBlending Department? d. Does the balance in part (c) represent over- or underapplied factory overhead?
The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was $3,325 over applied for the year. What is the overhead application rate per direct labor hour? What is the journal entry to dispose of the under applied overhead?
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
At the beginning of the year, manufacturing overhead for the year was estimated to be $916,725. At the end of the year, actual direct labor hours for the year were 53,440 hours, the actual manufacturing overhead for the year was $995,000, and the manufacturing overhead for the year was overapplied by $87,805. If the predetermined overhead rate is based on direct labor hours, then the estimated direct labor hours at the beginning of the year used in the predetermined overhead rate must have been_.
At the beginning of the year, manufactoring overhead for the year was estimated to be $ 267,500. At the end of the year, actual direct labor - hours for the year were 22, 100 hours, the actual manufactoring overhead for the year was $262,500, and manufactoring overhead for the year was overapplied by $13, 750. If the predetermined rate is based on direct labor - hours, then the estimated direct labor - hours at the beginning of the year used in the predetermined overhead rate must have been
At the beginning of the year
At the beginning of the year, manufacturing overhead for the year was estimated to be $974,700. At the end of the year, actual direct labor- hours for the year were 36,360 hours, the actual manufacturing overhead for the year was $930,000, and manufacturing overhead for the year was overapplied by $51,720. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: Note: Do not round intermediate calculations. Multiple Choice 34.444 direct labor-hours 32,529 direct labor-hours 36,360 direct labor-hours 36,100 direct labor-hours

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