Which of the following is the predetermined overhead rate? Question:17The following information is provided by the NobiCorporation for the year:Actual direct labor hour's worked 62,100Budgeted overheadBudgeted direct labor hoursActual overhead costs incurred$3295,00050,700$621,000Which of the following is the predetermined overheadrate, if calculated using direct labor hours?

Explanation: The formula for calculating the predetermined overhead rate is as follows:Predetermined…

Answered: Question:17 The following information…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

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Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10PB: The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was...

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The actual overhead for a company is $74,539. Overhead was based on 6,000 direct labor hours and was $2,539 under applied for the year. What is the overhead application rate per direct labor hour? What is the journal entry to dispose of the under applied overhead?
Mountain Tops applies overhead on the basis of direct labor hours and reports the following information: A. What is the predetermined overhead rate? B. How much overhead was applied during the year? C. Was overhead over applied or under applied, and by what amount? D. What is the journal entry to dispose of the over applied or under 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?
MountaIn Peaks applies overhead on the basis of machine hours and reports the following information: A. What is the predetermined overhead rate? B. How much overhead was applied during the year? C. Was overhead over- or under applied, and by what amount? D. What is the journal entry to dispose of the over- or under applied overhead?
Assume (1) estimated direct labor hours used to calculate the predetermined overhead rate = 19,950, (2) the manufacturing overhead applied to production = $105,000, and (3) the total direct labor hours actually worked during the period = 21,000.What is the estimated total manufacturing overhead cost for the period?
The following information pertains to Whitestone Industries for the year: Estimated total overhead costs Estimated direct labor costs Actual direct labor costs Actual overhead costs Activity base $37,500 25,000 22,500 36,000 Direct labor costs What is the predetermined overhead rate for Whitestone Industries for the year? Oa. 62.5% Ob. 66.7% Oc. 150% Od. 160%
Compute the predetermined overhead rate for each activity base on these general accounting question
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Infa. Company applies Manufacturing Overhead (MOH) on the basis of machine hours (MHS). For the year. Estimated Actual Machine hours for the year? Total MOH Cost 7,800 $70,500 $64,300 If for the year, MOH was overapplied by $780, estimated MHs at the beginning of the period were_
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $233,125 and direct labor hours would be 46,625. Actual factory overhead costs incurred were $247,123, and actual direct labor hours were 51,484. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? a.$24,295 underapplied b.$257,420 overapplied c.$10,297 underapplied d.$10,297 overapplied
Applied vs. Actual Manufacturing Overhead direct labor incurred during the current year. a. Determine the under applied manufacturing overhead at year - end (assume it is significant). Under - applied manufacturing overhead $ b. Prepare a journal entry to record the disposition of the underapplied manufacturing overhead. Please use picture provided % is 150 Manufactuing overhead was 945,000$ and finished goods and cost of goods sold was 120, 000, 60, 000, and 420,000
Crane Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year is as follows: Actual manufacturing overhead Estimated manufacturing overhead Direct labor hours incurred Direct labor hours estimated $189,000 $182,500 Predetermined overhead rate $ 4,800 5,000 Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 15.25.) per direct labor hour

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