Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Oa. $479,500 overapplied Ob. $479,500 underapplied Oc. $365,500 overapplied Od. $365,500 underapplied
Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Oa. $479,500 overapplied Ob. $479,500 underapplied Oc. $365,500 overapplied Od. $365,500 underapplied
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PA: Coops Stoops estimated its annual overhead to be $85,000 and based its predetermined overhead rate...
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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![Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine
hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin
Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time
(year to date), the overhead is
Oa. $479,500 overapplied
Ob. $479,500 underapplied
c. $365,500 overapplied
Od. $365,500 underapplied](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa350ad71-f691-422f-a66f-182830a1a369%2F6a7aae95-071a-4922-90fb-20af76581662%2F8qe5ocb_processed.png&w=3840&q=75)
Transcribed Image Text:Thomlin Company forecasts that total overhead for the current year will be $15,210,000 with 169,000 total machine
hours. Year to date, the actual overhead is $9,110,500, and the actual machine hours are 95,900 hours. If Thomlin
Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time
(year to date), the overhead is
Oa. $479,500 overapplied
Ob. $479,500 underapplied
c. $365,500 overapplied
Od. $365,500 underapplied
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