Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi i need help with this question please At the beginning of the year, Videosym Company estimated the following: Assembly Department Testing Department Total Overhead

Hi i need help with this question please

At the beginning of the year, Videosym Company estimated the following:

Assembly DepartmentTesting DepartmentTotal
Overhead$620,000$180,000$800,000
Direct labour hours155,00020,000175,000
Machine hours80,000120,000200,000

Videosym uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labour hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows:

Assembly DepartmentTesting DepartmentTotal
Overhead$53,000$15,500$68,500
Direct labour hours13,0001,68014,680
Machine hours6,80013,05019,850

image text in transcribed
Question 3 (20 points} ~/ Saved Complete Exercise 5-12. and answer the following questions. Remember to enter numeric amounts without a $ or , {a comma}. If the answer is $20,000.00. then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452. round down to 1.45 Required: 1. The predetermined overhead rate for the assembly department is x per 4/ (direct labour hour, machine hour}. 2. The predetermined overhead rate for the testing department is '37 per {if (direct labour hour, machine hour}. 3. The assemny department applied overhead is ., 4. The testing department's applied overhead is - 5. The assembly department has Q; (overapplied. underapplied} overhead of :5 Q/ 6. The testing department has Q; (overapplied. underapplied} overhead of $ Rf Entend your learning: you should be able to tell me if the (overapplied, underapplied) amount should be added or deducted from cost of goods sold

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

Fraud Examination

Authors: W. Steve Albrecht

6th Edition

1337619671, 978-1337619677

More Books

Students also viewed these Accounting questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago