Question: Answer : c. Department D 22600 Underapplied Department E 12000 Overapplied Department K 55620 Underapplied Calculation Applied overhead: Department D: Direct labour cost *

Answer : c. Department D 22600 Underapplied Department E 12000 Overapplied Department K 55620 Underapplied Calculation Applied overhead: Department D: Direct labour cost *

Answer : c. Department D 22600 Underapplied Department E 12000 Overapplied Department K 55620 Underapplied Calculation Applied overhead: Department D: Direct labour cost * Predetermined overhead cost = 180000 * 70% = 126000 Department E: Direct labour hour * Predetermined overhead rate = 16500 * 12 = 198000 Department K : Machine hour * Predetermined overhead rate =10480 * 6 = 62880 Underapplied/Overapplied overhead = Applied overhead Incurred overhead Department D: 126000 148500 = 22600 Underapplied Department E: 198000 - 186000 = 12000 Overapplied Department K: 62880 - 118500 = 55620 Underapplied

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

Flounder Corp. has been operating successfully for the past fifteen years. However, during recent years, its common shares outstanding changed as shown below. The corporation uses the calendar year...

QUESTION 2: Cornerstone Exercise 5-1 (Algorithmic) Predetermined Overhead Rate, Overhead Application At the beginning of the year, Pryor Company estimated the following costs: Overhead: $654,500...

1) The Milo Company's records for May contained the following information: Actual direct labour-hours 9,000 hours Actual direct labour cost $47,000 Direct material purchased 16,000 Direct material...

It's about Job ordering cost. I have 8 questions to ask. (see the file attached) I already answered 6 questions out of 8. I want you to check whether my answer is correct or not and, to answer rest...

3-3B - Predetermined Overhead Rate, Overapplied and Underapplied Overhead Jake's Autobody is a car repair shop. The company uses direct labour cost as a basis for applying manufacturing overhead...

Conundrum, Inc. manufactures puzzles. Due to a fire in the administrative offices, the accounting records for September of the current year were partially destroyed. You have been able to piece...

"Don't tell me we've lost another bid! exclaimed Janice Hudson, president of Prime Products Inc. "I'm afraid so," replied Doug Martin, the operations vice-president. One of our competitors underbid...

Sunland Company uses a job-order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department D, direct...

Managerial Accounting Q2 Q2 - Chapter 3 (15 marks) Intercity Roofing manufactures and installs custom shingles for use on damaged roofs of residential houses and apartments. The company uses a...

In the passage from the creation account in genesis 1, God creates from nothing-EX NIHILO. How does one approach a research question when nothing or little is known? Describe a situation in which a...

h(x) = (x + 2)(2x + 3)(-3x + 2) (apply the product rule twice). Find the derivatives of the above function using the product rule.

answer this Employees working under a collective bargaining agreement ( CBA ) in the US are paid based on Question 3 options: Benefits Skills Seniority Salaried job

Sabrina owns a loan contract that will provide her with payments of $350 at the end of every month for the next 11 years and 5 months. If Sabrina sells this loan contract today, what price would an...

A square flexible foundation of width B applies a uniform pressure q o to the underlying ground. Determine the vertical stress increase at a depth of B/2 below the center using: a. beneath the...

If you have access to a color ink jet printer, print a color test pattern with the printer. View the test pattern through a strong magnifying glass. a. Can you see the individual colored dots that...

Finding the time necessary until you pay off a loan is simple if you make equal payments each month. However, when paying off credit cards many individuals only make the minimum monthly payment,...

Refer to the exercise of Problem P4.21. (a) Measure the angle of force A directly from the diagram and use it to find the magnitude of the force at hinge B. (b) A design condition is that the force...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

The following table describes the adult population of a small suburb of a large southern city. A marketing research firm plans to randomly select onc adult from the suburb to evaluate a new food...

Consider the accompanying Venn diagram, whcrc P(E,) = P(E,) = P(E,) = %. P(E,) = P(E,) = %o, P(E,) = %o, and P(E,) = 1/5. Find each of the following probabilities:

I:7-66 Steve is part owner and manager of a small manufacturing company that makes keypads for alarm systems. The keypads are sold to several different alarm companies throughout the country. Steve...