Company XYZ uses machine hours to allocate its manufacturing overhead. The companyestimates that total machine hours to be operated next year are 190,000 hours. The estimatvariable overhead is $9 per hour and the estimated fixed overhead costs are $152,000.Calculate the predetermined overhead rate.Select one:O a. $10.80Ob. $9.80

The Numerical has covered the concept of Predetermined Manufacturing Overhead on the basis of…

Answered: Company XYZ uses machine hours to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Your Company manufactures industrial components. Data concerning one of its products are given below: Per Unit S180 $29 Selling price Direct materials Direct labor Variable manufacturing overhead. Fixed manufacturing overhead.. Variable selling expense Fixed selling and administrative expense .. $5 $21 $2 S17 The above per unit data are based on annual production of 4,000 units of the component when capacity is 8,000 units. The company has received a special, one-time-only order for 500 units of this product. There would be no variable selling expense on this special arder and the total fixed manufacturing overhead and fixed selling and administrative expenses of the company would not be affected by the order. What is the minimum price per unit on the special order below which the company should not go? HINT: What is the breakeven price?
Predetermined overhead rates and manufacturing overhead application (LO 4) Rector Company manufactures a line of lightweight running shoes. CEO Mark Rector estimated that the company would incur $2,500,000 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 250,000 direct labor hours and 400,000 machine hours. Required a.Assume that Rector Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. bAssume that job 4375 required 300 direct labor hours to complete. How much manufacturing overhead should be applied to the job? cAssume that Rector Company uses machine hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. dAssume that job 4375 required 140 machine hours to complete. How much manufacturing overhead should be applied to the job?
from where the $ 3 amount that I highlighted is coming from, please , can you explain me. Thank you
Please help me with show all Calculation thanku
Current Attempt in Progress In Robert's manufacturing plant, the estimated monthly overhead cost function is provided in the Y = m(X) + b format: Total monthly overhead costs = $1.15(number of machine hours) + $6,500. Given this cost function, specify (a) the variable cost, (b) the fixed cost, (c) the cost driver, and (d) whether these monthly overhead costs are considered variable, fixed, or mixed in total. (Round variable cost to 2 decimal places, e.g. 15.25.) Variable cost Fixed cost Cost driver Cost type $ $
The following data is available for Sunland Repair Shop for 2022: Repair technicians' wages $380000 Employee benefits 70000 Overhead Total 60000 $72.00. $108.00. $264.00. O $147.00. $510000 The desired profit margin is $45 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2022. In January 2022, Sunland repairs a bicycle that uses parts of $180. Its material loading charge on this repair would be
4. Nova Company's total overhead cost at various levels of activity are presented below: Month April May June July Machine hours 70,000 60,000 80,000 90,000 Utilities (variable). Supervisory salaries (fixed). Maintenance (mixed) Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these May month's costs at the 60,000 machine-hour level of activity is: $ 42,000 $ 27,000 $ 105,000 Total overhead cost......... $174,000 Total O/H cost $205,000 $174,000 $235,000 $255.000 1. Estimate how much of the $255,000 of overhead cost in July was maintenance cost. 2. Using the high-low method, estimate a cost formula for maintenance, and identify the maintenance cost for 120,000 machine hours
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Haresh
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Your Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. Last year, the company worked 38,500 direct labor-hours and incurred $756,800 of actual manufacturing overhead cost. Overhead was over-applied by $5,000. What was the predetermined overhead rate? (Round to two digits if necessary.) Group of answer choices $19.15 $19.66 $19.79 $19.53 $19.50
None

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