Take me to the text The following information was reported by Bard Company relating to its...
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Take me to the text The following information was reported by Bard Company relating to its first year of operations. Note that Bard has only identified direct labor and direct materials as direct costs. Expected Cost Actual Cost $159,400 $154,900 $522,200 $527,000 $854,000 $887,000 Factory Supplies Head Office General Expenditures $1,251,000 $1,222,000 $93,400 $105,300 $372,700 $352,500 $326,800 $367,100 $127,400 $121,900 $2,016,000 $2,565,000 Head Office Salaries: Heating in Factory Income Taxes Machine Repair and Maintenance $94,500 $109,700 $129,500 $129,000 Production Supervisor Wages Rent for Factory $990,000 $933,300 Office Supplies $120,400 $121,600 Sales Expenditures $489,400 $471,900 Total $7,546,700 $8,068,200 Bard Company allocates manufacturing overhead using a predetermined overhead rate. Bard uses direct labor hours as an allocation base and incurs 34,100 direct labor hours. Item Advertising Expenditures Depreciation on Factory Equipment Direct Labor Direct Materials \\\\\\\\ Come and g Advertising Expenditures Depreciation on Factory Equipment Direct Labor Item Direct Materials Factory Supplies Head Office General Expenditures Head Office Salaries Heating in Factory Income Taxes Machine Repair and Maintenance Production Supervisor Wages Rent for Factory Office Supplies Type here to search O Overhead Cost? <4> 4 - → O 46 4 ( ( ( 46 (. Rent for Factory Office Supplies Sales Expenditures Estimated Manufacturing Overhead Costs: b) What is the predetermined overhead rate? Round your answer to 2 decimal places. Predetermined overhead rate: Applied Overhead: ( 수 c) If the hourly rate for direct labor is $26, what is the manufacturing overhead applied to production? Round your answer to the nearest whole number. 12 4 English (e d) What is the over or under-allocated manufacturing overhead for this year? Assume the wage rate is still $26/hr. Take me to the text The following information was reported by Bard Company relating to its first year of operations. Note that Bard has only identified direct labor and direct materials as direct costs. Expected Cost Actual Cost $159,400 $154,900 $522,200 $527,000 $854,000 $887,000 Factory Supplies Head Office General Expenditures $1,251,000 $1,222,000 $93,400 $105,300 $372,700 $352,500 $326,800 $367,100 $127,400 $121,900 $2,016,000 $2,565,000 Head Office Salaries: Heating in Factory Income Taxes Machine Repair and Maintenance $94,500 $109,700 $129,500 $129,000 Production Supervisor Wages Rent for Factory $990,000 $933,300 Office Supplies $120,400 $121,600 Sales Expenditures $489,400 $471,900 Total $7,546,700 $8,068,200 Bard Company allocates manufacturing overhead using a predetermined overhead rate. Bard uses direct labor hours as an allocation base and incurs 34,100 direct labor hours. Item Advertising Expenditures Depreciation on Factory Equipment Direct Labor Direct Materials \\\\\\\\ Come and g Advertising Expenditures Depreciation on Factory Equipment Direct Labor Item Direct Materials Factory Supplies Head Office General Expenditures Head Office Salaries Heating in Factory Income Taxes Machine Repair and Maintenance Production Supervisor Wages Rent for Factory Office Supplies Type here to search O Overhead Cost? <4> 4 - → O 46 4 ( ( ( 46 (. Rent for Factory Office Supplies Sales Expenditures Estimated Manufacturing Overhead Costs: b) What is the predetermined overhead rate? Round your answer to 2 decimal places. Predetermined overhead rate: Applied Overhead: ( 수 c) If the hourly rate for direct labor is $26, what is the manufacturing overhead applied to production? Round your answer to the nearest whole number. 12 4 English (e d) What is the over or under-allocated manufacturing overhead for this year? Assume the wage rate is still $26/hr.
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Part 1 Depreciation on factory equipment 522200 Factor supplies 93400 Heating in factory Machin... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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