Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Ownel Company manufactures products in two departments: Mixing and Packaging. The company was locating man during overtied using a single planteider of 2.25 with

image text in transcribed
image text in transcribed
The Ownel Company manufactures products in two departments: Mixing and Packaging. The company was locating man during overtied using a single planteider of 2.25 with director on the base The company has refined alocation om by separating manufacturing overhead cows into two cost poolene for each department. The estimated costs for the Mong Department, 1487,000, located andre for and the estimated direct labor hours for the year are 195,000. The estimated costs for the Packaging Department 200.000, wil bewocated based on machine hours and the estimated machine tons for the year 8.00 in Oduterte Company incurred 48.000 direct labor hours in the Mixing Department and 10.000 machine hour in the Packaging Department Read the auments Requirement 1. Compute the predetermined overhead location rates. Round to two decimal places Begin by selecting the formula to calculate the predetermined vatted (OH) Allocation rate. Then enter the amounts to compute the allocation tale for each department Predeterminado Extmated overhand conta Estimated aty of the location base alocation rate Mixing 487,500 195.000 2.50 Packaging 200.000 65.000 3.20 Requirement 2. Determine the total amount of overhead alocated in October Degin by selecting the formula to locate overhead costs. Allocated to overhead cost Homeworkld=590581249&questionid=1&flushed=false&cid=6405287¢erwin-yes 19 2 of 15 (5 complete) ents: Mixing and Packaging. The company was allocating manufacturing overhead using a single plantwide rate of $2.25 wil manufacturing overhead costs into two cost pools-one for each department. The estimated costs for the Mixing Departmer The estimated costs for the Packaging Department, $208,000, will be allocated based on machine hours, and the estimatec partment and 10,000 machine hours in the Packaging Department. Cation rates. Round to two decimal places. ed overhead (OH) allocation rate. Then enter the amounts to compute the allocation rate for each department Requirements 1. Compute the predetermined overhead allocation rates. Round to two decimal places 2. Determine the total amount of overhead allocated in October allocated Print Done Ovo ck Answer Coar All

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

Auditing The Master A Tax Collector Report

Authors: B. Cobbey Crisler

1st Edition

1912297108, 978-1912297108

More Books

Students also viewed these Accounting questions