Pre-determined Overhead rate: The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process). The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production. Requirement1: The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

Question

Want to see the full answer?

Answer 1

Question

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Please give me true answer this financial accounting question

NO WRONG ANSWER

Which of the following is classified as an intangible asset?

Answer 2

Question

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Answer 6

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

Answer 7

Chapter 19, Problem S19.14SE

To determine

Pre-determined Overhead rate:

The Overheads are indirect cost not directly identified and assigned to products and therefore, these indirect costs are absorbed in the product costing on an estimated pre-determined basis. Such pre-determined Overhead rate is computed on the basis of estimated overheads of the period and estimated activity for the respective period (that may be unit produced or unit sold or direct labor hours or machine hours, depending upon the decision of the management based on their production process).

The pre-determined Overhead rate is computed by dividing the estimated overheads by the estimated activity level of the respective period, which may be used for the absorption of overheads in the actual production of goods based on actual activity undertaken for such production.

Requirement1:

The Pre-determined OH rate based on direct labour hours and Journal entry for allocating the overheads.

Answer 8

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Answer 9

To determine

Requirement2:

The Amount of indirect allocated to Client 507.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 13

Ch. 19 - Prob. 1QC Ch. 19 - When a manufacturing company uses direct...Ch. 19 - When a manufacturing company uses indirect...Ch. 19 - When a manufacturing company uses direct labor, it...Ch. 19 - What is Gell's predetermined overhead allocation...Ch. 19 - What is Gell's actual manufacturing overhead cost?...Ch. 19 - How much manufacturing overhead would Gell...Ch. 19 - What entry would Gell make to adjust the...Ch. 19 - A manufacturing company completed work on a job....Ch. 19 - Prob. 10QC

Concept explainers

Videos

Requirement2:

The Amount of indirect allocated to Client 507.

Want to see the full answer?

Chapter 19 Solutions

Concept explainers

Videos

Requirement2: The Amount of indirect allocated to Client 507.

Want to see the full answer?

Chapter 19 Solutions

Requirement2:

The Amount of indirect allocated to Client 507.