ABC Company made the following estimates for the current year: Molding Assembly Total Estimated Overhead...
ABC Company made the following estimates for the current
year:
|
Molding |
Assembly |
Total |
|
|
Estimated Overhead cost |
$360,000 |
$540,000 |
$900,000 |
|
Direct labor hours |
12,000 |
30,000 |
42,000 |
|
Machine Hours |
10,000 |
20,000 |
30,000 |
The predetermined department overhead rate for assembly based on
direct labor hours would be:
$18
$17
$30
$36
Homework Answers
predetermined department overhead rate for assembly = Estimated Overhead cost for assembly / direct labor hours
= $540,000/ 30,000 direct labor hours
= $ 18
Hence, the correct answer is $ 18
Add Answer to:
ABC Company made the following estimates for the current
year:
Molding
Assembly
Total
Estimated Overhead...
Total 4.3 At the beginning of the year, Sorrel Company estimated the following Machining Assembly Department...
Total 4.3 At the beginning of the year, Sorrel Company estimated the following Machining Assembly Department Department Overhead $240,000 $360,000 Direct labor hours 135,000 240,000 Machine hours 200,000 $600,000 375,000 200,000 Actual data for the month of June are as follows: Total Machining Department $22.500 11,000 17.000 Assembly Department $30,750 20,000 Overhead Direct labor hours Machine hours $53,250 31,000 17,000 Machining department: overhead is applied on the basis of machine hours. Assembly department: overhead is applied on the basis of...
same question in both pictures. 18) Bear Claw Industries uses a job-order costing system. The Molding...
same question in both pictures.
18) Bear Claw Industries uses a job-order costing system. The Molding Department applies overhead based on machine hours, while the Assembly applies overhead based on direct labor hours. The company made the following estimates at the beginning of the current year: Molding Assembly Manufactured budgeted overhead cost $ 700,000 $ 400,000 Machine hours 10,000 4,000 Direct labor hours 12,000 16,000 The following information was available for Job No. 7-29, which was started and completed during...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,560 1,500 4,680 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours...
Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
Molding
Assembly
Total
Estimated total machine-hours (MHs)
3,000
7,000
10,000
Estimated total fixed manufacturing overhead cost
$
24,000
$
53,200
$
77,200
Estimated variable manufacturing overhead cost per MH
$
1.00
$
2.00
During the period, the company started and completed two
jobs--Job E and Job M. Data concerning those two jobs follow:
Job E...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16.950 $30,200 $ 2.70 $ 3.5e Job P Job $26,000 $14,500 $31,400 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1.900 4,900 2,100 2,200 4,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with...
Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
:
Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates Molding Assembly Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MEH 6,000 $ 21,600 $2.50 10,000 $ 24,400 46,000 4,000...
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming...
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is: $ 8 per direct labor-hour $10 per direct labor-hour $20 per direct labor-hour None of these answers is correct.
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming...
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is: $ 8 per direct labor-hour $10 per direct labor-hour $20 per direct labor-hour None of these answers is correct.
Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
Molding
Assembly
Total
Estimated total machine-hours (MHs)
3,000
7,000
10,000
Estimated total fixed manufacturing overhead cost
$
24,000
$
53,200
$
77,200
Estimated variable manufacturing overhead cost per MH
$
1.00
$
2.00
During the period, the company started and completed two
jobs--Job E and Job M. Data concerning those two jobs follow:
Job E...
At the beginning of the year, Glaser Company estimated the following: Testing Assembly Department Department Total...
At the beginning of the year, Glaser Company estimated the following: Testing Assembly Department Department Total Overhead $654,000 $719,400 $1,373,400 Direct labor hours 125,500 143,070 268,570 Machine hours 76.750 49,120 12870 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied a basis of machine hours. Actual data for the month of March are as follows: Testing Assembly Department Department Total Overhead $36,328 Direct...
Total 4.3 At the beginning of the year, Sorrel Company estimated the following Machining Assembly Department Department Overhead $240,000 $360,000 Direct labor hours 135,000 240,000 Machine hours 200,000 $600,000 375,000 200,000 Actual data for the month of June are as follows: Total Machining Department $22.500 11,000 17.000 Assembly Department $30,750 20,000 Overhead Direct labor hours Machine hours $53,250 31,000 17,000 Machining department: overhead is applied on the basis of machine hours. Assembly department: overhead is applied on the basis of...
same question in both pictures.
18) Bear Claw Industries uses a job-order costing system. The Molding Department applies overhead based on machine hours, while the Assembly applies overhead based on direct labor hours. The company made the following estimates at the beginning of the current year: Molding Assembly Manufactured budgeted overhead cost $ 700,000 $ 400,000 Machine hours 10,000 4,000 Direct labor hours 12,000 16,000 The following information was available for Job No. 7-29, which was started and completed during...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,560 1,500 4,680 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,300 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
Molding
Assembly
Total
Estimated total machine-hours (MHs)
3,000
7,000
10,000
Estimated total fixed manufacturing overhead cost
$
24,000
$
53,200
$
77,200
Estimated variable manufacturing overhead cost per MH
$
1.00
$
2.00
During the period, the company started and completed two
jobs--Job E and Job M. Data concerning those two jobs follow:
Job E...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16.950 $30,200 $ 2.70 $ 3.5e Job P Job $26,000 $14,500 $31,400 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1.900 4,900 2,100 2,200 4,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with...
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
:
Harnett Corporation has two manufacturing departments--Molding and Assembly. The company used the following data at the beginning of the period to calculate predetermined overhead rates Molding Assembly Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MEH 6,000 $ 21,600 $2.50 10,000 $ 24,400 46,000 4,000...
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is: $ 8 per direct labor-hour $10 per direct labor-hour $20 per direct labor-hour None of these answers is correct.
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is: $ 8 per direct labor-hour $10 per direct labor-hour $20 per direct labor-hour None of these answers is correct.
Harnett Corporation has two manufacturing departments--Molding
and Assembly. The company used the following data at the beginning
of the period to calculate predetermined overhead rates:
Molding
Assembly
Total
Estimated total machine-hours (MHs)
3,000
7,000
10,000
Estimated total fixed manufacturing overhead cost
$
24,000
$
53,200
$
77,200
Estimated variable manufacturing overhead cost per MH
$
1.00
$
2.00
During the period, the company started and completed two
jobs--Job E and Job M. Data concerning those two jobs follow:
Job E...
At the beginning of the year, Glaser Company estimated the following: Testing Assembly Department Department Total Overhead $654,000 $719,400 $1,373,400 Direct labor hours 125,500 143,070 268,570 Machine hours 76.750 49,120 12870 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied a basis of machine hours. Actual data for the month of March are as follows: Testing Assembly Department Department Total Overhead $36,328 Direct...
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