Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Question

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Answer 1

Question

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.

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Actual variable overhead rate

Answer 2

Question

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.

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Answer 3

Question

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.

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Answer 4

Question

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.

Answer 6

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.

Answer 7

Chapter 19, Problem 1MCQ

To determine

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Answer 8

Expert Solution & Answer

Answer to Problem 1MCQ

c. $45,000.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Overhead application rate:

Overhead application rate refers to device that is used by the business to apply to their normal amount of overhead cost to work in process inventory. Overhead application rate is predetermined during the beginning of the year and it is based on the estimated amount. Overhead application rate is computed as follows:

Overhead application rate = Estimated overhead costsEstimated units in the Activity Base

Ascertain the amount of overhead is applied to a job that requires total direct labor costs of $30,000.

Overhead cost applied to job =Total direct labor cost × Predertermined allocation rate=$30,000×150%=$45,000

Therefore, for the above calculation it is observed that Option c. $45,000 is required to for a overhead to be applied to a job that requires a total direct labor costs of $30,000 and others options a, b, d and e are incorrect answer.