The estimated cost and operating dat solution this general accounting question The estimated cost and operating data for three manufacturing plantsfor the coming year are as follows:Plant X Plant Y Plant ZDataDirect labor-hours40,00020,00030,000Machine-hours20,000 40,000 10,000Direct materials$200,000 $150,000 $180,000Manufacturing Overhead $280,000 $240,000 $540,000||Predetermined overhead rates are computed using the followingbases:⚫ Plant X: Direct labor-hours⚫ Plant Y: Machine-hours⚫ Plant Z: Direct materials costRequired:Calculate the predetermined overhead rate for each plant.

For Plant X:Pre-determined Overhead Rate = Manufacturing Overhead/ Direct Labour hours…

Answered: The estimated cost and operating data…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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Plata Company has identified the following overhead activities, costs, and activity drivers for the coming year: Plata produces two models of microwave ovens with the following activity demands: The companys normal activity is 21,000 machine hours. Calculate the total overhead cost that would be assigned to Model X using an activity-based costing system: a. 230,000 b. 240,000 c. 280,000 d. 190,000
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.
A company estimates its manufacturing overhead will be $630,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 72,000 $______ per direct labor hour B. Budgeted direct labor expense: $1,800,000 $_____ per direct labor dollar C. Estimated machine hours: 120,000 $_____ per machine hour
A company estimates its manufacturing overhead will be $1,080,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 72,000 $fill in the blank 1 per direct labor hour B. Budgeted direct labor expense: $1,800,000 $fill in the blank 2 per direct labor dollar C. Estimated machine hours: 120,000 $fill in the blank 3 per machine hour
Predetermined overhead??
What is the predetermined overhead allocation rate?
Please solve this question general accounting
How do I determine the cost of one unit of SW 100 and SG 150, assuming department overhead rates are used. Overhead is assigned based on machine hours in both departments. Round t two decimal places, if necessary.
Webber fabricating estimated the following solve this question ❓
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.
The ABC company has the following estimated costs for the next year: Direct materials: $15,000 Indirect materials: $5,000 Direct labor: $55,000 Salary of production supervisor: $35,000 Rent on factory equipment: $16,000 Sales commission: $75,000 Advertising expenses: $11,000 It is estimated that 53,000 machine hours and 8,000 direct labor hours will be worked during the next year. What will be the predetermined overhead rate if company applies manufacturing overhead cost to jobs on the basis of direct labor hours. Select one: a. $14 b. $17 C. $7 d. $15 23°C uao
Anderson Manufacturing estimates direct labor costs and manufacturing overhead costs for the upcoming year to be $850,000 and $600,000, respectively. Anderson allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 19,000 hours and 7,500 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)

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