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Hartley Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Hartley Uniforms reports the following cost data for the past year E (Click the icon to view the cost data.) Read the requirements. Data table Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate Budget Actu Estimated yoarly overhead costs . Estimated yearly machine hours = Predetermined overhead rate Direct labor hours... 7,600 hours 6, 100 hou $ 27 194,400 7,200 per machine hour Machine hours. 7,200 hours 6,300 hou Requirement 2. Calculate the allocated manufacturing overhead for the past year. Depreciation on salespeople's autos 23,000 S 23, . Indirect materials... ...... 48,500 $ 50, Manufacturing Depreciation on trucks used to deliver uniforms to customers .... 13,000 S 11, Actual machine hours Predetermined overhead rate overhead allocated Depreciation on plant and equipment. . 70,000 $ 72, 6,300 27 170,100 Indirect manufacturing labor... 40,000 S 42, Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? Customer service hotline. . 19,000 $ 21, Plant utilities.. Direct labor cost.. First calculate the preliminary manufacturing overhead balance using the T-account. .. 35,900 S 38, Manufacturing Overhead 72,500 S 85 Print Done

Hartley Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Hartley Uniforms reports the following cost data for the past year E (Click the icon to view the cost data.) Read the requirements. Data table Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate Budget Actu Estimated yoarly overhead costs . Estimated yearly machine hours = Predetermined overhead rate Direct labor hours... 7,600 hours 6, 100 hou $ 27 194,400 7,200 per machine hour Machine hours. 7,200 hours 6,300 hou Requirement 2. Calculate the allocated manufacturing overhead for the past year. Depreciation on salespeople's autos 23,000 S 23, . Indirect materials... ...... 48,500 $ 50, Manufacturing Depreciation on trucks used to deliver uniforms to customers .... 13,000 S 11, Actual machine hours Predetermined overhead rate overhead allocated Depreciation on plant and equipment. . 70,000 $ 72, 6,300 27 170,100 Indirect manufacturing labor... 40,000 S 42, Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? Customer service hotline. . 19,000 $ 21, Plant utilities.. Direct labor cost.. First calculate the preliminary manufacturing overhead balance using the T-account. .. 35,900 S 38, Manufacturing Overhead 72,500 S 85 Print Done

FINANCIAL ACCOUNTING
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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Hartley Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Hartley Uniforms reports the following cost data for the past year: E (Click the icon to view the cost data.) Read the requirements. Data table Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Budget Actual Estimated yearly overhead costs Estimated yearly machine hours Predetermined overhead rate Direct labor hours. 7,600 hours 6,100 hours 194,400 7,200 $ 27 per machine hour Machine hours. 7,200 hours 6,300 hours Requirement 2. Calculate the allocated manufacturing overhead for the past year. Depreciation on salespeople's autos 23,000 $ 23,000 Indirect materials.. $ 48,500 $ 50,500 Manufacturing Depreciation on trucks used to deliver uniforms to customers $ 13,000 $ 11,000 Actual machine hours Predetermined overhead rate overhead allocated Depreciation on plant and equipment. 70,000 $ 72,500 6,300 27 $ 170,100 Ind ect manufacturing labor. $ 40,000 $ 42,000 Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? Customer service hotline. 19,000 $ 21,000 First calculate the preliminary manufacturing overhead balance using the T-account. Plant utilities. 35,900 $ 38,400 Manufacturing Overhead Direct labor cost. 72,500 $ 85,500 Print Done
Transcribed Image Text:Hartley Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Hartley Uniforms reports the following cost data for the past year: E (Click the icon to view the cost data.) Read the requirements. Data table Requirement 1. Compute the predetermined manufacturing overhead rate. Enter the formula for predetermined manufacturing overhead rate, then compute the rate. Budget Actual Estimated yearly overhead costs Estimated yearly machine hours Predetermined overhead rate Direct labor hours. 7,600 hours 6,100 hours 194,400 7,200 $ 27 per machine hour Machine hours. 7,200 hours 6,300 hours Requirement 2. Calculate the allocated manufacturing overhead for the past year. Depreciation on salespeople's autos 23,000 $ 23,000 Indirect materials.. $ 48,500 $ 50,500 Manufacturing Depreciation on trucks used to deliver uniforms to customers $ 13,000 $ 11,000 Actual machine hours Predetermined overhead rate overhead allocated Depreciation on plant and equipment. 70,000 $ 72,500 6,300 27 $ 170,100 Ind ect manufacturing labor. $ 40,000 $ 42,000 Requirement 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? Customer service hotline. 19,000 $ 21,000 First calculate the preliminary manufacturing overhead balance using the T-account. Plant utilities. 35,900 $ 38,400 Manufacturing Overhead Direct labor cost. 72,500 $ 85,500 Print Done
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