Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Green Company computes its predetermined overhead rate on the basis of direct labor hours. Estimated direct labor hours at the beginning of the year are

image text in transcribed
Green Company computes its predetermined overhead rate on the basis of direct labor hours. Estimated direct labor hours at the beginning of the year are 15.000 and atual direct labor hours at the end of the year are 13,000. Estimated total manufacturing overhead costs at the beginning of the year are $375.000 and actual total manufacturing overhead costs at the end of the year are $400.000. The predetermined overhead rate for Green Company would be: $28.85 per direct labor hour s30.77 per direct labor hour $25 per direct labor hour $26.67 per direct labor hour ( QUESTION 8 Luke Company uses a predetermined overhead rate of $25 per machine hour. Estimated machine hours at the beginning of the year were 1,000 and actual machine hours at the end of the year were 1,200. Estimated total manufacturing overhead costs at the beginning of the year are $25,000 and actual total manufacturing overhead costs at the end of the year are $26,000. What is the amount of manufacturing overhead that would have been applied to all jobs during the year? 30,000 $21,667 31,200 $25,000

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

Step: 3

blur-text-image

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

Principles of Accounting

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

12th edition

978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985

More Books

Students also viewed these Accounting questions

Question

Brief the importance of span of control and its concepts.

Answered: 1 week ago

Question

What is meant by decentralisation?

Answered: 1 week ago

Question

Factors Affecting Conflict

Answered: 1 week ago

Question

Describe the factors that lead to productive conflict

Answered: 1 week ago

Question

Understanding Conflict Conflict Triggers

Answered: 1 week ago