Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based
Question:
Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on 11,000 estimated direct labor-hours and $257,400 of estimated total manufacturing overhead. The company incurred actual total manufacturing overhead costs of $249,000 and 10,800 total direct labor-hours during the period.
Required:
Determine the amount of manufacturing overhead that would have been applied to units of product during the period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Actual direct laborho...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
4+ Reviews
24+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Luthan Company uses a plant wide predetermined overhead rate of $22.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $270,000 of total manufacturing...
-
Luthan Company uses a predetermined overhead rate of $13.40 per direct labour-hour. This predetermined rate was based on 19,000 estimated direct labour-hours and $254,600 of estimated total...
-
Cretin Enterprises uses a predetermined overhead rate of $7 .50 per direct labour hour. This predetermined rate was based on 16,000 estimated direct labour-hours and $120,000 of estimated total...
-
Which statement is correct? A) Tax credits reduce tax liability on a dollar-for-dollarbasis. B) Tax deductions reduce tax liability on a dollar-for-dollarbasis. C) The benefit of a tax credit depends...
-
The following table shows a frequency distribution for grouped data. Notice that the frequency of scores, f(x), does not add up to 15. If a total of 15 scores were actually counted, give a possible...
-
a. Explain the difference between a discrete variable and a continuous variable. b. Give an example of each type.
-
1.9 Aidan's Globalization. After reading the chapter's description of Aidan's globalization process, how would you explain the distinctions between interna- tional, multinational, and global...
-
In problem 89 in Chapter 9 and problem 74 in Chapter 10, the initial basis and the adjusted basis of Emelio and Charitas assets were determined as of December 31, 2011. During 2012, they have the...
-
(6) Stark PLC designated Tom Holland as petty cash custodian and established a petty cash fund of P20,000. The fund is reimbursed when the cash in the fund is at P1,500. Petty cash receipts indicate...
-
Complete Form 941 for the 4th quarter for TCLH Industries (which is located at 202 Whitmore Avenue, Durham, NC 27701; Employer Identification #44-4444444). Assume that all necessary deposits were...
-
Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were requisitioned for use in...
-
Primare Corporation has provided the following data concerning last month's manufacturing operations. Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a...
-
What is a relevant cost?
-
As part of your annual audit of Fall Camper Company, you have the responsibility for preparing a report on internal control. Your workpapers include a completed internal control questionnaire and...
-
You have been engaged to perform a review service for the partnership of Reed and Wright. Your review does not uncover any material errors of omission or commission in the company's financial...
-
An inexperienced staff assistant issues a four-paragraph report on a financial forecast. The first and last paragraphs of the report are shown below. We have examined the accompanying financial...
-
Are time sheets required for QuickBooks Accountant to process payroll?
-
Brown, CPA, received a telephone call from Calhoun, the sole owner and manager of a small corporation. Calhoun asked Brown to prepare the financial statements for the corporation and told Brown that...
-
PCC Ltd is a manufacturing company which prepares accounts to 31 December each year. The company made the following disposals of chargeable assets in the year to 31 December 2023: (i) On 12 September...
-
You are maintaining a subsidiary ledger account for Police-Training Expenditures for 2013. The following columns are used: Inventory purchases are initially recorded as expenditures. Record the...
-
In what ways do YOU identify features of both scientific management and bureaucracy with McDonalds? How do feel about a future career working in the fast-food industry?
-
If fixed manufacturing overhead costs are released from inventory under absorption costing, what does this tell you about the level of production in relation to the level of sales?
-
Under absorption costing, how is it possible to increase net operating income without increasing sales?
-
Under absorption costing, how is it possible to increase net operating income without increasing sales?
-
Sandhill Company manufactures bowling balls through two processes: moulding and packaging. In the moulding department, urethane, rubber, plastic, and other materials are moulded into bowling balls....
-
Suppose that Target Corporation uses the periodic inventory system to account for inventories and has the following information at October 31. October 1 Beginning inventory 400 units @ $12.00 =...
-
A 1.what is modern day organization theory?2.how does modern day organization theory define businessprocess and give an example. 2 answers
Study smarter with the SolutionInn App