Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blossom Company estimates that annual manufacturing overhead costs will be $612,000. Estimated annual operating activity bases are: direct labor cost $469,200, direct labor hours 40,000

Blossom Company estimates that annual manufacturing overhead costs will be $612,000. Estimated annual operating activity bases are: direct labor cost $469,200, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $613,020 and the actual direct labor cost for the year was $465,120. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Blossom applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. (Round predetermined overhead rate to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 1,525.) Predetermined overhead rate Manufacturing overhead applied $ $ $ per direct labor hour
image text in transcribed
Blossom Company estimates that annual manufacturing overhead costs will be \\( \\$ 612,000 \\). Estimated annual operating activity bases are: direct labor cost \\( \\$ 469,200 \\), direct labor hours 40,000 and machine hours 80,000 . The actual manufacturing overhead cost for the year was \\( \\$ 613,020 \\) and the actual direct labor cost for the year was \\( \\$ 465,120 \\). Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Blossom applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over-or underapplied and the amount. (Round predetermined overhead rate to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 1,525.) \\( \\$ \\) per direct labor hour Manufacturing overhead applied \\( \\$ \\) \\( \\$ \\)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audit And Survey Of Street Light System A Preliminary Report

Authors: Dr. Manoj Dhondiram Patil

1st Edition

B08GBCWWFY, 979-8676818388

More Books

Students also viewed these Accounting questions

Question

=+a. Calculate and interpret the sample mean and median.

Answered: 1 week ago

Question

Identify and control your anxieties

Answered: 1 week ago

Question

Understanding and Addressing Anxiety

Answered: 1 week ago