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add in 5 for all X Hammers, and Please Hammer Don't Hurt 'Em Mini Hammers. Hammer Time Inc. uses the actual total factory overhead costs
add in 5 for all X
Hammers, and Please Hammer Don't Hurt 'Em Mini Hammers. Hammer Time Inc. uses the actual total factory overhead costs from the prior year (corresponding month) to estimate the total factory overhead costs. They do this by taking last year's actual costs (same month) and increasing them by 8.25%. Actual Total Factory Overhead costs February '20 = $3,232,000 For the month of February '21 for the production in the 2 Legit Warehouse Estimated Machine Hours = 3X0,000 Hammer Head Hammers = 162,000 actual machine hours Hammer Pants Hammers = 123,200 actual machine hours Mini Hammers = 69,600 actual machine hours Actual Total Factory Overhead costs February '21 = $3,800,000 You must customize your data, using the last digit of your student ID. Change your estimated machine hours. Replace the X in 3X0,000 with the last digit in your student ID. If the last digit in your student ID is 5 then use 350,000 for estimated machine hours. Change the actual factory overhead. Replace the X in $3,800,000 with the last digit in your student ID. If the last digit is 3 then use $3,300,000 for actual factory overhead. A. What is the predetermined overhead rate? (8 points) B. If the predetermined factory overhead rate was applied to the three products in February what would be the under/over applied factory overhead once the actual factory overhead cost was known? (9 points) C. Using the data from how much factory overhead would be applied to Hammer Pants Hammers? (6 points)Step by Step Solution
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