GENERAL ACCOUNTING The estimated allocation base is39,800 machine hours and theestimated total manufacturingoverhead cost is $96,300. Thepredetermined overhead rate to beapplied to the jobs is?

Step 1:The predetermined overhead rate is the rate used to allocate the manufacturing overhead to…

Answered: The estimated allocation base is 39,800…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 4TP: If a company bases its predetermined overhead rate on 100,000 machine hours, and It actually has...

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The estimated allocation base is 39,800 machine hours and the estimated total manufacturing overhead cost is $96,300. The predetermined overhead rate to be applied to the jobs is?
If annual overhead costs are expected to be $ 784000 and direct labor costs are expected to be $ 1000000, then if the activity base is direct labor costs: a. a predetermined overhead rate cannot be determined. b. for every dollar of manufacturing overhead, 1.28 cents of direct labor will be assigned. c. for every dollar of direct labor, 78.4 cents of manufacturing overhead will be assigned. d. $ 1.28 is the predetermined overhead rate.
Using the pre-determined overhead rate calculated above, calculate the overhead that would be allocated to a product that uses 3.5 hours of machine time. What will happen if actual overhead costs turn out to be higher or lower than this calculation? predetermined overhead rate calculated above: $25/ hour of machine run time
Figuring a predetermined overhead rate using direct materials as the allocation base. $130500 estimated manufacturing overhead cost and $87000 as allocation base. Then whats next in the formula
Solve this general accounting problem
Goodman Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 50,000 and ending work in process equaled 7,000 units. Goodman had no beginning work in process inventory. Conversion costs are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 40% complete and total materials costs equaled $500,000? O $10.00 O $9.77 O $8.77 O $11.63
Webber Fabricating estimated the following annual hours and costs. Expected annual direct labor hours Expected annual direct labor cost Expected machine hours 40,000 $ 6,25,000 20,000 Expected material cost for the year $ 8,00,000 Expected manufacturing overhead $ 10,00,000 Calculate predetermined overhead allocation rates using each of the four possible allocation bases provided.
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Use the following information to answer the question. Estimated manufacturing overhead $180,000 Actual manufacturing overhead $240,000 Estimated direct labour hours 15,000 Actual direct labour hours worked 16,000 The predetermined overhead rate for applying manufacturing overhead would be:
For the current year BSJ Industries estimated overhead would be $2,145,000 and there would be 78,000 machine hours. Using machines hours as the allocation base, how much overhead would be assigned to each of the jobs listed below? (Do not round intermediate calculations.) Job Machine Hours 246 6,700 247 4,750
Coleridge Company estimates that its production workers will work 143,000 direct labor hours during the upcoming period and that overhead costs will amount to $1,287,000. Assume overhead to be allocated on the basis of direct labor hours. What predetermined overhead rate would be used to apply overhead to production during the period? Multiple Choice $9.00 per direct labor hour $0.97 per direct labor hour $0.97 per unit $9.00 per unit
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The estimated allocation base is 39,800 machine hours and the estimated total manufacturing overhead cost is $96,300. The predetermined overhead rate to be applied to the jobs is?