Compute the under- or overapplied overhead for the St. Cloud plant for the year. (Round your intermediate calculations to 2 decimal places.)-under or over?-by how much? image attached The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a joborder costing system for its batch production processes. The St. Cloud plant has two departments through which mostjobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and humanresources, is budgeted at $400,000. During the past year, actual plantwide overhead was $390,000. Each department'soverhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data fromthe St. Cloud plant for the past year are as follows.DepartmentDepartmentABBudgeted department overhead(excludes plantwide overhead)Actual department overheadExpected total activity:$ 100,000120,000$ 453, 600465, 600Direct labor hours52,00025,000Machine-hours16,00054,000Actual activity:Direct labor hours53,50024,000Machine-hours16,80056,000For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids forseveral jobs. Projected data pertaining only to job no. 110 are as follows.Direct materials$22,000Direct labor cost:Department A (3,000 hr)45,000Department B (1,100 hr)Machine-hours projected:10,800Department A240Department BUnits produced1,2008,000

The excess overhead applied during a period of production over the actual overhead incurred during…

The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $400,000. During the past year, actual plantwide overhead was $390,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data fro the St. Cloud plant for the past year are as follows. Department Department A Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: $ 100,000 $ 453,600 120,000 465, 600 Direct labor hours 52,000 25,000 Machine-hours 16,000 54,000 Actual activity: Direct labor hours Machine-hours 53,500 24,000 16,800 56,000 For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several iohs Proiected data pertaining only to job no 110 are as follows

The Gilster Company, a machine tooling firm, has several plants. One plant, located in St. Cloud, Minnesota, uses a job order costing system for its batch production processes. The St. Cloud plant has two departments through which most jobs pass. Plant-wide overhead, which includes the plant manager's salary, accounting personnel, cafeteria, and human resources, is budgeted at $400,000. During the past year, actual plantwide overhead was $390,000. Each department's overhead consists primarily of depreciation and other machine-related expenses. Selected budgeted and actual data fro the St. Cloud plant for the past year are as follows. Department Department A Budgeted department overhead (excludes plantwide overhead) Actual department overhead Expected total activity: $ 100,000 $ 453,600 120,000 465, 600 Direct labor hours 52,000 25,000 Machine-hours 16,000 54,000 Actual activity: Direct labor hours Machine-hours 53,500 24,000 16,800 56,000 For the coming year, the accountants at the St. Cloud plant are in the process of helping the sales force create bids for several iohs Proiected data pertaining only to job no 110 are as follows

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Determining actual factory overhead:The books of Prestige Products Company revealed that thefollowing general journal entry had been made at the end of the current accounting period:Factory Overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000Under- and Overapplied Factory Overhead ...................... 2,000Closed credit balance in factory overhead control account. The total direct materials cost for the period was $40,000.The total direct labor cost, at an average rate of $10 per hour for direct labor, was one and one-half times the direct materials cost. Factory overhead was applied on the basis of $4 per direct labor hour. What was the total actual factory overhead incurred for the period? (Hint: First solve for direct labor cost and then for direct labor hours.)
B NOWv2 | Online teachir X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... Ⓒ Thomlin Company forecasts that total factory overhead for the current year will be $17,280,000 with 180,000 total machine hours. Year to date, the actual overhead is $8,220,000, and the actual machine hours are 82,200 hours. If Thomlin Company uses a predetermined factory overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is a. $328,800 underapplied Ob. $391,200 overapplied Oc. $328,800 overapplied Od. $391,200 underapplied 8:15 A 5/2/202 H U a 1 C
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44) Same information as before - You have collected the following information about activity and costs - Activity - Machine Cost - Utilities Month Hours March 2,400 $18,500 2,600 $19,750 April May 2,900 $23,740 $25,500 $18,350 $17,290 June 3,100 July August September 1,950 October 2,100 1,900 $17,150 3,150 $25,200 November 3,000 $24,100 Using the High-Low method and your answers from the two previous questions, what is the estimated cost for December if the machines run for 2,550 hours ?