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Have been sick all week, having trouble staying up to date on my homework, would appreciate a brief explanation of how to get the answer,

Have been sick all week, having trouble staying up to date on my homework, would appreciate a brief explanation of how to get the answer, thanks

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Hunter Corporation uses ABC to determine product costs for external nancial reports. At the beginning of the year, management made the following cost and activity estimates in the company's ve activity cost pools: Activity Estimated Expected Activity Cost Pool Measure Overhead Cost Activity Labour related Direct labour-hours $ 717,500 82,000 DLHs Production orders Number of orders 263,250 1,950 orders Material receipts Number of receipts 512,500 2,050 receipts Relay assembly Number of relays 810,000 13,500 relays General factory Machine-hours 2,312,500 92,500 MHs $4,615,750 Required: 1. Compute the activity rate (i.e., predetermined overhead rate) for each of the activity cost pools. Labour related - per DLH Production orders - per order Relay assembly - per relay General factory - per MH Material receipts - per receipt 2. During the year, actual overhead cost and activity were recorded as follows: Activity Cost Pool Actual Overhead Cost Acmal Activity Labour related 5 473,200 55,000 DLHs Production orders 159,000 1,900 orders Material receipts 538, 000 2,200 receipts Relay assembly 804, 000 13,400 relays General factory 2,331,000 94,350 MHs Total overhead cost $4,305,200 a. Prepare a journal entry to record the incurrence of actual manufacturing overhead cost for the year (credit accounts payable). Post the entry to the company's manufacturing overhead T-account. (If no entry is required for particular transaction, select "No journal entry required" in the rst account eld.) View transaction list Journal entry worksheet Record entry to for acutal manufacturing incurred for production. Note: Enter debits before credits. Record entry m View general journal b. Determine the amount of overhead cost applied to production during the year. -: c. Prepare a journal entry to record the application of manufacturing overhead cost to work in process for the year. Post the entry to the company's Manufacturing Overhead Taaccount. [If no entry ls required for a particular transaction; select "chcurnal entry required" In the rst account eld.) 1lr'iew transaction list Journal entry worksheet Record entry to apply manufacturing overheads to production. Note: Enter debits before credits. :1. Determine the amount of under-applied or over-applied manufacturing overhead for the year. :: The actual activity for the year was distributed among the company's tour 3' products as follows: ActivityCoat . . Product Product Product Product Pool Actual Actlvrty A B C D 18,900 Labour related 55,000 DLHs 13,700 6,800 15,600 0mm\" 1.900 orders 435 545 350 570 wt???\" 2.200 receipts 170 750 400 350 85:23\"! 13,400 relays 5,025 0 5,375 0 Egg\" 94,350 MHs 20,000 21800 21'600 24.950 a. Determine the total amount of overhead cost applied to each product. b. Does the total amount of overhead cost applied to the products above tie in to the T-aooou nts in any way? Yes No

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