Question: Amilmar Inc. has provided this information regarding its overhead costs. It has determined machine hours to be the appropriate cost driver to allocate overhead

determined machine hours to be the appropriate cost driver to allocate overhead

Amilmar Inc. has provided this information regarding its overhead costs. It has determined machine hours to be the appropriate cost driver to allocate overhead costs. What will be the total overhead costs applied during the year? s O $750,000 O $765,000 O $742,500 O $772,727 Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours $750,000 $765,000 200,000 hours 198,000 hours

Step by Step Solution

★★★★★

3.25 Rating (146 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer Solution Answer is option C C 742... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Saola has traditionally purchased all of its manufacturing equipment. However, in 2022 they were unable to find a vendor willing to sell them a new $12,426,000 machine. After some careful...

What are the important factors in determining the appropriate cost driver to use in allocating a cost?

Selection of the appropriate cost driver Bullions Enterprises, Inc. (BEI), makes gold, silver, and bronze medals used to recognize outstanding athletic performance in regional and national sporting...

Selecting the appropriate cost driver is the key to effective activity based costing. Identify three overhead elements in a simple product your current or former employer makes, and identify what you...

The 2014 annual report of The Home Depot Inc. revealed the following information regarding its derivative securities: Describe the financial effects of the swap for Home Depot. Why has Home Depot...

I need help wiht this assessment question 1 question2 question3 question4 ASSESSMENT BRIEF Subject Code and Title ACCT6003 Financial Accounting Processes Assessment Major Assignment - Part 2...

About question #74, the answer is [$32 - 12 - 6 - 4 - 0.50] 2,000 = $19,000 where is the "4" come from? ch4 Student: ___________________________________________________________________________ 1....

Selma International, Inc., reported the following information regarding its investment portfolio in the company's 2012 annual report: Required: 1. Compute the economic return from investing ratio for...

Second National Insurance Company provided this information for its trading securities portfolio: Required: 1. Provide the journal entries to record the fair value adjustment on December 31, 2013....

Second National Insurance Company provided this information for its trading securities portfolio: Required: 1. Provide the journal entries to record the fair value adjustment on December 31, 2016....

Mid Valley Sporting Goods, Inc., uses the LIFO inventory method and values its inventory using the lower-of-cost-or-market (LCM) rule. Mid Valley Sporting Goods, Inc., has the following account...

Briefly explain why an auditor of clients in the Land Development and Home Building industry needs a thorough understanding of the following accounting standards and methods. How do they impact the...

A purchase return of $500 is recorded as follows: 1. Debit Inventory $500, credit Accounts payable, vendor $500 2. Debit Accounts Payable, Vendor $500, Credit Inventory 3. Debit Accounts Receivable...

How can a taxpayer who failed to claim the depreciation deduction in prior years correct this? Filing amended returns for all open years when the incorrect amount was claimed. Filing Form 3 1 1 5 ,...

1. Whats your reaction to these events? Do you think your reaction is influenced by the culture, values, and traditions of the country in which you find yourself? Explain. 2. Look at what Hofstedes...

Rose is a project manager at the civil engineering consulting firm of Sands, Gravel, Concrete, and Waters, Inc. She has been collecting data on a project in which concrete pillars were being...

Pine Village needs some additional recreation fields. Construction will cost $225,000 and annual O&M expenses are $85,000. The city council estimates that the value of added youth leagues is about...

Quatro Hermanas, Inc. is investigating implementing some new production machinery as part of its operations. Three alternatives have been identified, and they have the following fixed and variable...

Arthur Chen, a newly minted CPA, was on his second audit job in the Midwest with a new client called Parson Farm Products, Inc. He was looking through the last four years of financials, and doing a...

Performance data is used in many HR decisions such as (check all that apply): Group of answer choices Planning a holiday party for your staff Who to lay off Training & Development Terminations Who to...

Comprehensive problem; ABC manufacturing two products. Dinettes Inc. operates at capacity and 2es glass topped dining tables and wooden chairs, which are then typically sold as sets of four chairs...

Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours $750,000 $765,000 200,000 hours 198,000 hours Knowledge Check 03...

Estimated total manufacturing overhead costs Actual total manufacturing overhead costs Estimated machine hours Actual machine hours $750,000 $ 765,000 200,000 hours 198,000 hours Knowledge Check 03...

Ch 284 COV Hmwk 8.75/10 total points de Help Exh Required information Part 2 of 2 023045 points wedd Estimated total manufacturing overhead costs Actual total s ufacturing overhead costs Estimated...

Estimated total manufacturing overhead co Actual total manufacturing overhead cost Estimated sachine hours Actual machine hours 000 hours Knowledge Check 03 Using the information provided by Amilmar...

Assignment 2: Foreign Currency Risk Due Week 9 and worth 310 points Albert, CEO of XYZ, Inc., desires to expand the companys sales through exports to three (3) foreign subsidiaries. Albert knows that...