Recall that Unique Industries had estimated $1,055,000 of MOH for the year and 64,500 DL hours, resulting in a predetermined MOH rate of $14/DL hour. By the end of the year, the company had actually incurred $925,000 of MOH costs and used a total of 64,000 DL hours on jobs. By how much had Unique Industries overallocated or underallocated MOH for the year? Compute the underallocated or overallocated overhead. (Use parentheses or a minus sign for overallocated overhead.) Actual MOH Allocated MOH (Over) Under Allocated

Recall that Unique Industries had estimated $1,055,000 of MOH for the year and 64,500 DL hours, resulting in a predetermined MOH rate of $14/DL hour. By the end of the year, the company had actually incurred $925,000 of MOH costs and used a total of 64,000 DL hours on jobs. By how much had Unique Industries overallocated or underallocated MOH for the year? Compute the underallocated or overallocated overhead. (Use parentheses or a minus sign for overallocated overhead.) Actual MOH Allocated MOH (Over) Under Allocated

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

See similar textbooks

Actual MOH	–	Allocated MOH	=	(Over) Under Allocated
	-		=

Similar questions

How would each of the following costs be classified if units produced is the activity base? a. Salary of factory supervisor ($120,000 per year) b. Straight-line depreciation of plant and equipment c. Property rent of $11,500 per month on plant and equipment
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 fefe
At the end of the first year, the XYZ Team had incurred $550,000 of cost, with the total estimated cost of $1,050,000. Their total estimated revenue is $1,200,000. If the percentage of completion by labor hours expended is 60.8%, calculate the revenue to date for the labor hours expended method, using Alternative A.
want the answer of this question
Please give answer
Company X applies MOH to jobs on the basis of machine hours used. MOH costs are expected to total TL300,700 for the year, and machine usage is estimated at 123,000 hours. For the year, TL322,300 MOH costs are incurred and 130,070 machine hours are used. Calculate the amount of COGS adjustment at year-end.
What is the absorption costing net operating income for last year on these general accounting question?
During its first year of operations, Silverman Company paid $16,360 for direct materials and $10,300 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,300 while general, selling, and administrative expenses totaled $4,800. The company produced 6,200 units and sold 3,800 units at a price of $8.30 a unit. What is Silverman's cost of goods sold for the year?
Kindly help me Accounting question
During its first year of operations, Silverman Company paid $9,160 for direct materials and $9,700 for production workers' wages. Lease payments and utilities on the production facilities amounted to $8,700 while general, selling, and administrative expenses totaled $4,200. The company produced 5,300 units and sold 3,200 units at a price of $7.70 a unit. What is Silverman's cost of goods sold for the year? Multiple Choice O $27,560 $13,923 $16,640 $23,060
Financial Accounting
Can you please solve this financial accounting question?