The overhead allocated amount in fabrication department and in finishing department. Given information: For fabrication department (May, 2014), Manufacturing overhead rate is $12 per machine hour. Machine hour is 3,200. For finishing department (May, 2014), Manufacturing overhead rate is $20 per direct manufacturing labor hour. Labor hour is 1,800.

Question

Want to see the full answer?

Answer 1

Question

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

MCQ

Accurate answer

How many inspection per month would the new employee have

Answer 2

Question

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Answer 6

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

Answer 7

Chapter 4, Problem 4.36P

1.

To determine

To compute: The overhead allocated amount in fabrication department and in finishing department.

Given information:

For fabrication department (May, 2014),

Manufacturing overhead rate is $12 per machine hour.

Machine hour is 3,200.

For finishing department (May, 2014),

Manufacturing overhead rate is $20 per direct manufacturing labor hour.

Labor hour is 1,800.

Answer 8

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

Answer 9

2.

To determine

To compute: The amount of under or over allocated overhead in each department.

Answer 10

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

Answer 11

3.

To determine

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

Answer 12

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Answer 13

4.

To determine

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 4 - Define cost pool, cost tracing, cost allocation,...Ch. 4 - How does a job-costing system differ from a...Ch. 4 - Why might an advertising agency use job costing...Ch. 4 - Describe the seven steps in job costing.Ch. 4 - Give examples of two cost objects in companies...Ch. 4 - Describe three major source documents used in...Ch. 4 - What is the advantage of using computerized source...Ch. 4 - Give two reasons why most organizations use an...Ch. 4 - Distinguish between actual costing and normal...Ch. 4 - Describe two ways in which a house-construction...

To compute: The amount of under or over allocated overhead in each department.

The allocation off under allocated overhead to work in progress, finished goods and cost of goods sold based on ending balance proration also compute the ending balance.

To identify: The effect of written off under or over allocated to cost of goods sold and is the company is able to change to this method.

Want to see the full answer?

Chapter 4 Solutions