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Use the ff. information. The firm applies manufacturing overhead on the basis of machine hours. The estimates of the manufacturing overhead and of machine hours were made at the beginning of the year for the purpose of computing the company’s predetermined overhead rate (POHR). Estimated manufacturing overhead ₱ 695,400 Estimated machine hours 19,000 Actual manufacturing overhead ₱ 685,000 Actual machine hours 18,900 The firm’s POHR would be? a. ₱ 36.60 b. ₱ 36.79 d. ₱ 36.24 e. ₱ 36.05 c. ₱ 36.41 f. ₱0 The applied manufacturing overhead would be? a. ₱ 685,000 b. ₱ 695,331 c. ₱ 691,740 d. ₱ 688,149 e. ₱ 688,560 f. ₱ 681,345 The overhead for the year was: a. ₱ 10,331 underapplied b. ₱ 6,740 overapplied c. ₱ 3,660 underapplied d. ₱ 6,740 underapplied e. ₱ 3,149overapplied f. ₱ 10,331 overapplied

Use the ff. information. The firm applies manufacturing overhead on the basis of machine hours. The estimates of the manufacturing overhead and of machine hours were made at the beginning of the year for the purpose of computing the company’s predetermined overhead rate (POHR). Estimated manufacturing overhead ₱ 695,400 Estimated machine hours 19,000 Actual manufacturing overhead ₱ 685,000 Actual machine hours 18,900 The firm’s POHR would be? a. ₱ 36.60 b. ₱ 36.79 d. ₱ 36.24 e. ₱ 36.05 c. ₱ 36.41 f. ₱0 The applied manufacturing overhead would be? a. ₱ 685,000 b. ₱ 695,331 c. ₱ 691,740 d. ₱ 688,149 e. ₱ 688,560 f. ₱ 681,345 The overhead for the year was: a. ₱ 10,331 underapplied b. ₱ 6,740 overapplied c. ₱ 3,660 underapplied d. ₱ 6,740 underapplied e. ₱ 3,149overapplied f. ₱ 10,331 overapplied

FINANCIAL ACCOUNTING
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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Use the ff. information. The firm applies manufacturing overhead on the basis of machine hours. The estimates of the manufacturing overhead and of machine hours were made at the beginning of the year for the purpose of computing the company’s predetermined overhead rate (POHR). Estimated manufacturing overhead ₱ 695,400 Estimated machine hours 19,000 Actual manufacturing overhead ₱ 685,000 Actual machine hours 18,900 The firm’s POHR would be? a. ₱ 36.60 b. ₱ 36.79 d. ₱ 36.24 e. ₱ 36.05 c. ₱ 36.41 f. ₱0 The applied manufacturing overhead would be? a. ₱ 685,000 b. ₱ 695,331 c. ₱ 691,740 d. ₱ 688,149 e. ₱ 688,560 f. ₱ 681,345 The overhead for the year was: a. ₱ 10,331 underapplied b. ₱ 6,740 overapplied c. ₱ 3,660 underapplied d. ₱ 6,740 underapplied e. ₱ 3,149overapplied f. ₱ 10,331 overapplied
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