Jackson Inc. listed the following data for 2019:Budgeted factory overheadBudgeted direct labor hoursBudgeted machine hours$1,505,000৪6,00043,000Actual factory overheadActual direct labor hours1,402,000৪৪,30041,400Actual machine hoursIf overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significantdigits):Multiple Choice$49,059 overapplied.$47000 underapplied.O s-0-$47000 overapplied.$49.059 underapplied.

Name: Jackson Inc. listed the following data for 2019:Budgeted factory over
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Description: Jackson Inc. listed the following data for 2019:Budgeted factory overheadBudgeted direct labor hoursBudgeted machine hours$1,505,000৪6,00043,000Actual factory overheadActual direct labor hours1,402,000৪৪,30041,400Actual machine hoursIf overhead is a

Given the following information: Budgeted factory overhead: $1,505,000 Budgeted direct labor hours:…

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Jackson Inc. listed the following data for 2019: $1,505,000 Budgeted factory overhead Budgeted direct labor hours ৪6,000 Budgeted machine hours Actual factory overhead Actual direct labor hours 43,000 1,402,000 88,300 Actual machine hours 41,400 If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $49,059 overapplied. $47.000 underapplied. S-0-. $47,000 overapplied. $49,059 underapplied.

Jackson Inc. listed the following data for 2019: $1,505,000 Budgeted factory overhead Budgeted direct labor hours ৪6,000 Budgeted machine hours Actual factory overhead Actual direct labor hours 43,000 1,402,000 88,300 Actual machine hours 41,400 If overhead is applied based on machine hours, the overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $49,059 overapplied. $47.000 underapplied. S-0-. $47,000 overapplied. $49,059 underapplied.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...

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When setting its predetermined overhead application rate. Tasty Turtle estimated its overhead would be $75,000 and manufacturing would require 25,000 machine hours in the next year. At the end of the year, it found that actual overhead was $74,000 and manufacturing required 24,000 machine hours. Determine the predetermined overhead rate. What is the overhead applied during the year? Prepare the journal entry to eliminate the under- or over applied overhead.
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?
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If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
Jackson Inc. listed the following data for 2019: Budgeted factory overhead $1,352,000 Budgeted direct labor hours 80,000 Budgeted machine hours 41,600 Actual factory overhead 1,100,000 Actual direct labor hours 87,700 Actual machine hours 40,800 If overhead is applied based on direct labor hours, overapplied/underapplied overhead is (round calculations to 2 significant digits): Multiple Choice $382,130 overapplied. $382,130 underapplied. $331,166 underapplied. $331,166 overapplied. $ − 0 −. My answer is $226,000 overapplied. But I don't show that answer.
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