Predetermined overhead rate based on machine hours? Brentwood Manufacturing forecasts that totaloverhead for the current year will be $12,000,000 andthat total machine hours will be 240,000 hours. Yearto date, the actual overhead is $13,200,000, and theactual machine hours are 260,000 hours. SupposeBrentwood Manufacturing uses a predeterminedoverhead rate based on machine hours for applyingoverhead as of this point in time (year to date). In thatcase, the overhead is?

Explanation of Predetermined Overhead Rate:The predetermined overhead rate (POHR) is a rate…

Answered: Brentwood Manufacturing forecasts that…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EB: The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method,...

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Brentwood Manufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 240,000 hours. Year to date, the actual overhead is $13,200,000, and the actual machine hours are 260,000 hours. Suppose Brentwood Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead as of this point in time (year to date). In that case, the overhead is?
What is that overhead rate?
The predetermined overhead rate per machine hour should be?
The predetermined overhead rate per machine hours should be. General accounting
Thomlin Company forecasts that total overhead for the current year will be $11,176,000 with 183,000 total machine hours. Year to date, the actual overhead is $7,700,000 and the actual machine hours are 97,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
Anderson Manufacturing estimates direct labor costs and manufacturing overhead costs for the upcoming year to be $850,000 and $600,000, respectively. Anderson allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 19,000 hours and 7,500 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
The Thomlin Company forecasts that total factory overhead for the current year will be $11,759,000 with 150,000 total machine hours. Year to date, the actual factory overhead is $7,604,000 and the actual machine hours are 100,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a. $-294,000 overapplied b. $-196,000 overapplied c. $-294,000 underapplied d. $-196,000 underapplied
Thomlin Company forecasts that total overhead for the current year will be $10,864,000 with 194,000 total machine hours. Year to date, the actual overhead is $4,779,000, and the actual machine hours are 81,000 hours. The predetermined overhead rate based on machine hours is
A manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.
Sandy Inc. estimates that its employees will utilize 176,000 machine hours during the coming year. Total overhead costs are estimated to be $7,300,000 and direct labor hours are estimated to be 100,000. Actual machine hours are 120,000. Actual labor hours are 75,000. If Sandy Inc. allocates overhead based on machine hours, what is the predetermined manufacturing overhead rate? I want Solution
Jeremy Inc. forecasts that total overhead for the current year will be $1,050,000 with 700,000 total machine hours. Year to date, the actual overhead is $1,200,000 and the actual machine hours are 850,000 hours. The company uses a predetermined overhead rate based on machine hours for applying overhead. As of this point in time (year to date), what is the amount of overhead? Group of answer choices $75,000 over-allocated $150,000 under-allocated $75,000 under-allocated $150,000 over-allocated
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $35,000 per quarter. Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. 2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,500 10,500 12,500 13,500 Complete this question by entering your answers in the tabs below. Req 1…

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