Hi expert please give me answer general accounting Estimated cost and operating data for three companies for the upcoming year follow:Company A Company B Company CDirect labor-hours51,00025,50038,250Machine-hours25,50051,00012,750Direct materials cost$255,000$178,500$191,250Manufacturing overhead cost $341,700$306,000$631,125Predetermined overhead rates are computed using the following bases in the threecompanies:Company Overhead Rate Based onABсRequired:Direct labor-hoursMachine-hoursDirect materials costCompute the predetermined overhead rate to be used in each company during theupcoming year.

Step 1: Define Pre-determined OH RatePredetermined overhead rate is a method that is used to…

Answered: Estimated cost and operating data for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 8MC: A company calculated the predetermined overhead based on an estimated overhead of $70.000, and the...

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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?
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?
A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000
Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs. The production details for the year are given below: Total manufacturing overhead costs estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year 11,000 di 10,000 di Calculate the manufacturing overhead allocation rate for the year based on the above data (Round your final answer to two decimal places.) A. 28.00% B. 11.43% OC. 43.75% OD. 264.29%
Compute the predetermined overhead rate for each activity base on these general accounting question
Williams manufacturing estimated the following
Webber Fabricating estimated the following annual hours and costs. Expected annual direct labor hours Expected annual direct labor cost Expected machine hours 40,000 $ 6,25,000 20,000 Expected material cost for the year $ 8,00,000 Expected manufacturing overhead $ 10,00,000 Calculate predetermined overhead allocation rates using each of the four possible allocation bases provided.
Assume (1) estimated manufacturing overhead for the coming period of $314,000, (2) actual manufacturing overhead for the period of $320,000, (3) actual direct labor-hours worked of 54,000 hours, and (4) estimated direct labor-hours to be worked in the coming period of 55,000 hours. What is the amount of overhead applied to production if direct labor hours is used as an allocation base? Round intermediary calculations to two decimal places.
Predetermined overhead??
Compute the predetermined overhead rate for each activity based.
Mill Company estimates the company will incur $82,800 in overhead costs and 4,600 direct labor hours during the year. Actual direct labor hours were 4,850. Calculate the predetermined overhead allocation rate using direct labor hours as the allocation base, and prepare the journal entry for the allocation of overhead.
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