Question
1 - Thomlin Company forecasts that total overhead for the current year will be $10,864,000 with 194,000 total machine hours. Year to date, the actual
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Thomlin Company forecasts that total overhead for the current year will be $10,864,000 with 194,000 total machine hours. Year to date, the actual overhead is $4,779,000, and the actual machine hours are 81,000 hours. The predetermined overhead rate based on machine hours is
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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $624,600 and direct labor hours would be 34,700. Actual manufacturing overhead costs incurred were $429,400, and actual direct labor hours were 22,600. The entry to apply the factory overhead costs for the year would include a
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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $328,000 and direct labor hours would be 45,900. Actual manufacturing overhead costs incurred were $322,000, and actual direct labor hours were 51,200. What is the predetermined overhead rate per direct labor hour?
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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $364,725 and direct labor hours would be 40,525. Actual factory overhead costs incurred were $474,517, and actual direct labor hours were 54,921. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?
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