Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kim-Braoks, Inc. makes costumes [or movies and teiev on shows. Broaks Kimberiv. the comDsnv's owner. Drenared theloliowinll estimates for the upcoming vesr: Manufacturing overhead cost

image text in transcribed
Kim-Braoks, Inc. makes costumes [or movies and teiev on shows. Broaks Kimberiv. the comDsnv's owner. Drenared theloliowinll estimates for the upcoming vesr: Manufacturing overhead cost $900,000 Direct iabor hours 50,000 Direct iabnr cost $250,000 Machine hours 40,000 (a) Assume that Kichmnks ap cntmumm mu scle overhead under- or overaDDIiEd during the Year? BY huw much" (Fur computation purposes round overhead rates to .2 decimal graces. 5.9. 52.75. Round nal answers to 0 decimal places, e.g. 5,275.) Applied Overhead 792mm 01: i so v 4000 empp' Overhead 3 (b) Assume that Kichmnks applies manufacturi Applied Overhead 792mm Undera hedv 0000 W Overhead $ c \""1\" Ii vrumm vEnsILm men IE3 s manufacturing overhead on the oasis of direct ialmr hours. During the year, 49,000 direct iahor hours were worked. How much overhead was applied to work in prune-557 0 actual manufacturing overhead forthe year was $792,000, was ng overhead on the oasis of direct ialmr cost. During the year, $245,000 in direct labor cost was incurred. how much overhead was applied to work in process dunng the year' if actual manufacturing pverheadfor the year was $792,000. was overhead under- or overaooiied during the Year? By how much7 (for computation uurpuses round overhead rates to 2 decimal niaces, e.g. 52.75%. Round final answers to a decimal ulaces, e.g. 5,175. 1 (c) Assume that KimrBruolG applies manufacturing overhead on the basis of machine hours. During the year, 40,200 machine hours were worked. How much ovemead was applied to wnrk in process during the year? if actual manufacturing overhead for the year was 4702.000, was overhead under or oveiapplied during the yearv Ev how much? (For computation purposes round overhead rates to 2 decimaipiaces, e.g. 52.75. Round final answers to a decrniai places, e.g. 5,275.) i X Applied Overhead 5 792mm

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

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

5th Canadian edition

1259269868, 978-1259269868

More Books

Students also viewed these Accounting questions

Question

Name the various types of CRM applications.

Answered: 1 week ago

Question

=+d) Create the c chart for this two-week period.

Answered: 1 week ago

Question

Behaviour: What am I doing?

Answered: 1 week ago