Beltran Corporation produces wooden and aluminium baseball bats. In preparing the current budget, Betran's management estimated a total of $387,000 in manufacturing overhead costs and 12,900 machine hours for the coming year. In December, Beltran's accountants reported actual manufacturing overhead incurred of $78,000 and 12,400 machine hours used during the year. Beltran applies overhead based on machine hours. What was Beltran's predetermined overhead rate for the year? How much manufacturing overhead did Beltran apply during the year?

Beltran Corporation produces wooden and aluminium baseball bats. In preparing the current budget, Betran's management estimated a total of $387,000 in manufacturing overhead costs and 12,900 machine hours for the coming year. In December, Beltran's accountants reported actual manufacturing overhead incurred of $78,000 and 12,400 machine hours used during the year. Beltran applies overhead based on machine hours. What was Beltran's predetermined overhead rate for the year? How much manufacturing overhead did Beltran apply during the year?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter5: Support Department And Joint Cost Allocation

Section: Chapter Questions

Problem 2CMA: Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing...

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How much manufacturing overhead did Beltran apply during the year?
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ACP Manufacturing has budgeted a total overhead cost of $850,000 and budgeted machine hours of 85,000 for the upcoming period. During the actual period, the total overhead incurred was $865,000, and actual machine hours used were 90,000. Find the applied overhead for the period and determine whether the overhead is overapplied or underapplied. Show your step-by-step solution.help
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