If factory overhead is to be applied based on direct labor costs, the predetermined overhead rate is choices196%198.88%P14.92P15.65 The following budget data are available for NUBD Company.Estimated direct labor hours12,000P 90,000P179,00011,500P92,000P180,000Estimated direct labor costEstimated factory overhead costsAdual direct labor hoursAdual direct labor costsAdual factory overhead costs

Factory overhead means all indirect costs and all indirect expenses related to production and…

Answered: If factory overhead is to be applied…

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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O e. OMR14500 XYZ Company uses a job costing system and applies manufacturing overhead using a predetermined overhead rate based on direct labor hours. Information for the current year is as follows: Estimated manufacturing overhead OMR65,000; Actual manufacturing overhead OMR62,000; Estimated direct labor hours 20,000: Actual di labor hours 22,000. The amount of over- or underapplied overhead for the year was Select one: O a. OMR3,000 underapplied O b. None of the answers given OC OMR9,500 overapplied O d. OMR9,500 underapplied O e. OMR3,000 overapplied
Discussion Question Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2018, they estimated total manufacturing overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,00o. The administration and selling overheads are to be absorbed in each job cost at 15% of production cost. Distribution cost should be added to each job according to quotes from outside carriage companies. The company wishes to quote for job # W5oo. Data for the job are as follows: Direct materials cost $169,450 Direct labour cost $230,000 Direct labour hours 400 hours Special Design Cost Distribution quote from haulage company Units of product produced $12,300 $17,930 250 crates a) Compute Epsilon Manufacturing Company predetermined manufacturing overhead rate for 2018. b) How much manufacturing overhead was allocated to Job #W5o0? c) Calculate the total cost & quotation price of Job #W500, given…
10. Determine difference between the three methods used for allocating factory overhead cost to products.
QUESTION 43 Which of the following approaches allocates overhead with the use of a predetermined overhead rate and standard level of activity? A. standard costing B. normal costing C. target costing D. process costing E. actual costing
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Bader receives OMR 8 for every hour worked in a Halwa manufacturing company is an example of a. Fixed Cost O b. Variable cost c. Semi variable Cost d. Overhead
CLEAR MY CHOICE A Company uses job order costing and has chosen direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 300,000 hours. The estimated variable overhead is $10 per hour and the estimated fixed overhead costs are $500,000. The predetermined overhead rate is: O a. $7 O b. $16.67 O c. $11.67 Od. $1.67 Oe. None of the answers given NEXT PAGE hp
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If the prime cost 35 350 ID., Manufacturing overhead 6 000 ID,beginning finished goods inventory 25 500 ID .ending finished goods inventory 25 000 ID.,beginning work inproces inventory 2 000 ID., ending work inproces inventory 3 000 ID.,the manufactured cost are
15. A credit to the manufacturing overhead control account represent the a• Actual cost of overhead paid this period b• Actual cost of overhead incurred. c• Amount of overhead applied to production d• Amount of direct material and labor used during the period e• None of the above
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If factory overhead is to be applied based on direct labor costs, the predetermined overhead rate is choices 196% 198.88% P14.92 P15.65