Answer: a. $4.73 per machine hours
.
.
Overhead rate = Budgeted overhead / Budgeted machine hours
= $218,870 / 46,230 hours
= $4.734371...
= $4.73 -->rounded to 2 decimal places
Pinacle Corp. budgeted $218,870 of overhead cost for the current year. Actual overhead costs for the...
Pinacle Corp. budgeted $240,550 of overhead cost for the current year. Actual overhead costs for the year were $215,420. Pinacle's plantwide allocation base, machine hours, was budgeted at 53,640 hours. Actual machine hours were 55,160. A total of 96,670 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a. $4.48 per machine hour b. $4.02 per machine hour c. $2.23 per machine hour d. $2.49 per machine...
Pinacle Corp. budgeted $255,590 of overhead cost for the current year. Actual overhead costs for the year were $232,640. Pinacle's plantwide allocation base, machine hours, was budgeted at 50,170 hours. Actual machine hours were 52,360. A total of 103,940 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a.$2.24 per machine hour b.$4.64 per machine hour c.$5.09 per machine hour d.$2.46 per machine hour
Pinnacle Corp. budgeted $258,700 of overhead cost for the current year. Actual overhead costs for the year were $240,730. Pinnacle's plantwide allocation base, machine hours, was budgeted at 54,860 hours. Actual machine hours were 55,670. A total of 108,360 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: a. $4.39 per machine hour b. $4.72 per machine hour c. $2.39 per machine hour d. $2.22 per machine...
A company budgeted $256220 of overhead costs for the current year. actual overhead costs for the year were $200380. The plant wide allocation base, machine hours, was budgeted at 48910 hours. actual machine hours were 58760. A total of 99120 units was budgeted to be produced and 98000 units were actually produced. What is the companys overhead rate for the current year?
1)
2)
3)
4)
5)
The Botosan Factory has determined that its budgeted factory overhead budget for the year is $615,420 and budgeted direct labor hours are 473,400. If the actual direct labor hours for the period are 430,800, how much overhead would be allocated to the period? Oa, $576,841 Ob. $560,040 Oc. $476,034 Od. $677,648 Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
Thomlin Company forecasts that total overhead for the current year will be $11,295,000 with 176,000 total machine hours. Year to date, the actual overhead is 87,63 actual machine hours are 88,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a. $128 per machine hour Ob. $87 per machine hour Oc. $64' per machine hour Od. $43 per machine hour
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $700,000, machine hours to be 200,000, and direct labor hours to be 35,000. During February, Victryl has 5,000 direct labor hours and 10,000 machine hours. If the actual overhead for February is $98,300, what is the overhead variance, and is it overapplied or underapplied? a. $1200 underapplied Ob. $1,000 underapplied Oc. $600 overapplied Od, $800 overapplied e. $1,700 overapplied Ned...
Calculator Thomlin Company forecasts that total overhead for the current year will be $11,079,000 with 169,000 total machine hours. Year to date, the actual overhead is $7,689,000 and the actual machine hours are 82,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. Oa. $45 per machine hour Ob. $94 per machine hour Oc. $66 per machine hour Od $135 per machine hour...
The standard variable overhead cost rate for the Gordon Company is $13.25 per unit. Budgeted fixed overhead cost is S80,000. The company budgeted 8,000 units for the current period and actually produced 4,100 finished units. What is the fixed overhead volume variance? Assume the allocation base for fixed overhead costs is the number of units expected to be produced OA. $25,675 unfavorable OB. $39,000 favorable OC. S39.000 unfavorable O D. $25,675 favorable