Do fast answer of this accounting questions Mountainview Manufacturing estimated manufacturing overhead costs for 2023 at $462,000,based on 220,000 estimated machine hours. Actual machine hours for 2023 totaled 205,000.The manufacturing overhead account contains debit entries totaling $475,000. Themanufacturing overhead for 2023 was(Round your immediate calculations to onedecimal place)a) $13,000 underallocatedb) $44,500 overallocatedc) $44,500 underallocatedd) $13,000 overallocated

Step 1: Definition of Manufacturing Overhead AllocationManufacturing overhead allocation is the…

Answered: Mountainview Manufacturing estimated…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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When setting its predetermined overhead application race, Tasty Box Meals estimated its overhead would be $100,000 and would require 25,000 machine hours in the next year. At the end of the year. It found that actual overhead was $102,000 and required 26,000 machine hours. Determine the predetermined overhead rate. What is the overhead applied during the year? Prepare the journal entry to eliminate the under applied or over applied overhead.
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.
Determine whether the manufacturing overhead for 2023 was overallocated of underallocated
Seaside Manufacturing Inc
Seaside Manufacturing Inc. estimated its manufacturing overhead costs for 2023 to be $450,000, based on 150,000 estimated machine hours. The actual machine hours for 2023 were 160,000. The manufacturing overhead account contains debit entries totaling $465,000. Determine whether the manufacturing overhead for 2023 was overallocated or underallocated. (Round your immediate calculations to one decimal place.) Need answer
Seaside Manufacturing Inc. estimated its manufacturing overhead costs for 2023 to be $450,000, based on 150,000 estimated machine hours. The actual machine hours for 2023 were 160,000. The manufacturing overhead account contains debit entries totaling $465,000. Determine whether the manufacturing overhead for 2023 was overallocated or underallocated. (Round your immediate calculations to one decimal place.)
Brandi Manufacturing estimates manufacturing overhead of $3,500,000 for 2024 and will apply overhead to units produced based on 800,000 machine hours. During 2024, Brandi used $1,850,000 of raw materials, paid $5,210,000 in direct labor, generated 790,000 machine hours, and produced 2,500,000 units. Required: Calculate Brandi's predetermined overhead rate and cost per unit of production for 2024.
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Assume you made the following two predictions for 2022 for one of your production facilities: Total manufacturing overhead for the year $15,000,000Total direct labor hours for the year 800,000 Actual results for July 2022 were as follows: Manufacturing overhead $1,238,500Direct labor hours 98,500 Calculate the predetermine overhead rate per direct labor hour for 2022.
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Strong Company applies overhead based on machine hours. At the beginning of 2018, the company estimated that manufacturing overhead would be OMR 120,000, and machine hours would total 15,000. By 2018 year-end, actual overhead totaled OMR 140,000, and actual machine hours were 20,000. On the basis of this information, the 2018 predetermined overhead rate was:

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