PEL Limited has been using an overhead rate of Rs.5.60 per machine hour. During the year, overheads of Rs. 275,000 were incurred and 48,000 machine hours were worked. Therefore, overheads were: A. Under-applied by Rs.7,600 B. Over-applied by Rs. 6,200 C. Under-applied by Rs. 6,200 D. Over-applied by Rs. 7,600
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- Perth Ltd has been using an overhead cost rate of £5.60 per machine hour. During the year overheads of £275,000 were incurred and 48,000 machine hours worked. Therefore, overheads were A) Under-recovered by £7,600 B) Over-recovered by £6,200 by £7,600 C) Over-recovered D) Under-recovered by £6,200Assume that actual overhead is $613,000 in a given year, the overhead rate is $10 per unit, 60,000units were sold, and 59,000 units were produced. For the end of the year, is overhead underapplied oroverapplied? By how much?Flagler Company allocates overhead based on machine hours. It estimated overhead costs for the year to be $420,000. Estimated machine hours were 50,000. Actual hours and costs for the year were 46,000 machine hours and $380,000 of overhead. (a) Calculate the overhead application rate for the year.(b) What is the amount of applied overhead for the year?(c) What is the amount of under or overapplied overhead for the year? Indicate whether it is over or underapplied.
- Winston Company estimates that the factory overhead for the following year will be $675,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 30,700 hours. The total machine hours for the year were 54,100. The actual facto overhead for the year was $1,183,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. b. Compute the over- or underapplied amount for the year. Enter the amount as a positive number. C. Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank. %24Tanner Corporation estimated that machine hours for the year would be 25,000 hours and overhead (all fixed) would be $100,000. Tanner applies its overhead on the basis of machine hours. During the year, all overhead costs were exactly as planned ($100,000). There was $15,000 in over-applied overhead. How many machine-hours were worked during the period?Tanner Corporation estimated that machine hours for the year would be 25,000 hours and overhead (all fixed) would be $100,000. Tanner applies its overhead on the basis of machine hours. During the year, all overhead costs were exactly as planned ($100,000). There was $15,000 in over-applied overhead. How many machine-hours were worked during the period? Answer this question
- 1. By how much did the company overallocate or underallocate MOH for the year? 2. Was MOH overallocated or underallocated for the year? How do you know? attached in ss below thanks fefeThomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Oa. $479,500 overapplied Ob. $479,500 underapplied c. $365,500 overapplied Od. $365,500 underappliedWinston Company estimates that total factory overhead for the following year will be $1,050,300. The company has decided that the basis for applying factory overhead should be machine hours, which are estimated to be 38,900 hours. The total machine hours for the year were 54,200. The actual factory overhead for the year was $1,455,000. a. Determine the total factory overhead applied. Round to the nearest dollar. b. Compute the over- or underapplied factory overhead for the year. c. Journalize the entry to transfer the over- or underapplied factory overhead to Cost of Goods Sold. If an amount box does not require an entry, leave it blank.
- Winston Company estimates that the factory overhead for the following year will be $675,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 30,700 hours. The total machine hours for the year were 54,100. The actual factory overhead for the year was $1,183,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. b. Compute the over- or underapplied amount for the year. Enter the amount as a positive number. C. Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank.Q. John Corporation bases its overhead rate on direct labour hours. The expected direct labour hours at the beginning of the year were 21,800 hours, and the total estimated manufacturing overhead was $497,040. Actual direct labour hours for the year were 21,500 hours at the end of the year, and actual manufacturing overhead was $492,040. At the conclusion of the year, the following expenses were incurred: A. $1,840 underapplied B. $6,840 overapplied C. $6,840 underapplied D. $1,840 overappliedCrane Company estimates that annual manufacturing overhead costs will be $802,000. Estimated annual operating activity bases are direct labor cost $401,000, direct labor hours 40,100, and machine hours 180,200. Compute the predetermined overhead rate for the activity base. (Round answers to 2 decimal places.)