Venture Ltd. used 8,500 machine hours (Driver) on Job # 23. Total machine hours are 25,000. Assume Job # 23 is the only job sold during the accounting period. What is the overhead applied in COGS if the total overhead applied is $175,000?
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- York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?What is the overhead applied in COGS if the total overhead applied is $141,900 on these accounting question?General accounting
- Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $252,000 and direct labor hours to be 20,000. Actual overhead and actual direct labor hours for the year were $265,000 and 22,200 hours, respectively. Required: 1. Compute over- or underapplied overhead. 2a. Which accounts will be affected by the over- or underapplied manufacturing overhead? 2b. Will the accounts be increased or decreased to adjust for the over- or underapplied manufacturing overhead? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Compute over- or underapplied overhead. Note: Do not round your intermediate calculations. Manufacturing overhead SEP Next > ST AOHamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $252,000 and direct labor hours to be 20,000. Actual overhead and actual direct labor hours for the year were $265,000 and 22,200 hours, respectively. Required: 1. Compute over- or underapplied overhead. 2a. Which accounts will be affected by the over- or underapplied manufacturing overhead? 2b. Will the accounts be increased or decreased to adjust for the over- or underapplied manufacturing overhead? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Compute over- or underapplied overhead. Note: Do not round your intermediate calculations. Manufacturing overhead 89 Req 2B SEP 17 Req 1 Next > NT A O PManufacturing overhead was estimated to be OMR 400,000 for the year along with estimated 20,000 direct labor hours. Actual manufacturing overhead was OMR 415,000, and actual labor hours were 21,000. The amount debited to the Manufacturing Overhead account would be: a. None of the given answer is correct O b. OMR 435,750. O C. OMR 400,00O. O d. OMR 415,000. O e. OMR 420,000. der costing system with a single
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