Please help solve this issue McDonnell Industries estimatedmanufacturingoverhead for the year at $290,000. Manufacturingoverhead for the year was underapplied by $12,000.The company applied $235,000 to Work in Process.The amount of actual overhead would have been:A) $278,000.B) $247,000.C) $223,000.D) None of these

Step 1: Introduction to the Applied OverheadApplied overhead equals the product of the predetermined…

Answered: McDonnell Industries estimated…

Principles of Accounting Volume 2

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Chapter4: Job Order Costing

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Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...

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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?
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Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined overhead rate on 27,500 direct labor hours. At the end of the year, actual overhead was $106,000 and the total direct labor hours were 29,000. What is the entry to dispose of the over applied or under applied overhead?
A company estimated 100,000 direct labor hours and $800,000 in overhead. The actual overhead was $805,100, and there were 99,900 direct labor hours. What is the predetermined overhead rate, and how much was applied during the year?
The amount of actual overhead would have been?
Ans
At the beginning of the year, Vanguard Systems, Inc. determined that estimated overhead costs would be $720,000, while actual overhead costs for the year totaled $770,000. Furthermore, it was determined that the estimated allocation basis would be 75,000 direct labor hours, while direct laborers actually worked 78,000 hours. What was the dollar amount of underallocated or overallocated manufacturing overhead?
Please give me answer accounting
Pocono Cement Forms expects $700,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 50,000 or its expected machine hours of 25,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,560 in direct material cost, 102 direct labor hours, and 85 machine hours. Wages are paid at $15 per hour. Labor Hours Machine Hours Cost of the job $ $

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McDonnell Industries estimated manufacturing overhead for the year at $290,000. Manufacturing overhead for the year was underapplied by $12,000. The company applied $235,000 to Work in Process. The amount of actual overhead would have been: A) $278,000. B) $247,000. C) $223,000. D) None of these