Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads. Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads. Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads. Requirement-1 To determine: In the question we have to calculate the following details for Learer Company: 1. Three parts as per below details: a. Predetermined applied overhead rate for the year 2017 b. Total applied overhead cost for all jobs done c. Amount of under or over-applied overheads

Question

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Answer 1

Question

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

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Answer 2

Question

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

Expert Solution & Answer

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Answer 4

Question

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

Answer 6

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

Answer 7

Chapter 19, Problem 4APSA

To determine

Predetermined overhead rate means an estimated recovery rate which is applied on overheads to calculate the overheads on the production of units on the basis of estimated expenses. The actual overheads incurred are different from applied overheads and there is under or over-recovery of overheads.

Over-applied overheads means when applied overheads are more than the actual manufacturing overheads incurred then it is known over-applied overheads.

Under-applied overheads means when applied overheads are less than the actual overheads incurred then it is known under-applied overheads.

Requirement-1

To determine:

In the question we have to calculate the following details for Learer Company:

1. Three parts as per below details:

a. Predetermined applied overhead rate for the year 2017

b. Total applied overhead cost for all jobs done

c. Amount of under or over-applied overheads

Answer 8

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

Answer 9

To determine

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

Answer 10

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Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 19 - Prob. 1DQ Ch. 19 - Prob. 2DQ Ch. 19 - Prob. 3DQ Ch. 19 - Prob. 4DQ Ch. 19 - Prob. 5DQ Ch. 19 - Prob. 6DQ Ch. 19 - Prob. 7DQ Ch. 19 - Prob. 8DQ Ch. 19 - Prob. 9DQ Ch. 19 - Prob. 10DQ

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Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.

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Chapter 19 Solutions

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Requirement-2 To determine: Adjustment entry related to under or over-applied overheads calculated in requirement-1.

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Chapter 19 Solutions

Requirement-2

To determine:

Adjustment entry related to under or over-applied overheads calculated in requirement-1.