Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Alberton Electronics makes inexpensive GPS navigation devices and uses a normal cost system that applies overhead based on machine hours. The following current year
Alberton Electronics makes inexpensive GPS navigation devices and uses a normal cost system that applies overhead based on machine hours. The following current year budgeted data are available: Variable factory overhead at 100.000 machine hours Varkle factory overhead at 150,000 machine hours $2,250,000 3.375,000 Fixed factory overhead at all levels between 10,000 and 180.000 machine hours 2.592,000 Practical capacity is 180,000 machine hours expected capacity is two-thirds of practical a. What is Alberton Electronics predetermined VOH rate? Predetermined VOHS 23 per M b. What is the predetermined FOH rate using practical capacity? Predetermined Fost 14 per M c. What is the predetermined FOH rate using expected capacity? Predetermined FOR 21 M d. During the year, the firm records 110,000 machine hours and $4,878,000 of overhead costs (1) How much variable overhead is applied? Appled VOHS 342,000 Q) How much fixed overhead is applied using the rate found in Applied FO (3) Calculate the total under- or overappled overhead for the year using the rate found in th Note: Do not use a negative sign with your answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started