At the beginning of the year, manufacturing overhead for the year was estimated to be $336,000....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
At the beginning of the year, manufacturing overhead for the year was estimated to be $336,000. At the end of the year, actual direct labor-hours for the year were 27100 hours, the actual manufacturing overhead for the year was $267,500, and manufacturing overhead for the year was overapplied by $139.000. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: Multiple Choice 22,000 direct labor hours. 20,800 direct labor-hours 23.100 direct labor-hours 22,400 direct labor-hours. At the beginning of the year, manufacturing overhead for the year was estimated to be $336,000. At the end of the year, actual direct labor-hours for the year were 27100 hours, the actual manufacturing overhead for the year was $267,500, and manufacturing overhead for the year was overapplied by $139.000. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: Multiple Choice 22,000 direct labor hours. 20,800 direct labor-hours 23.100 direct labor-hours 22,400 direct labor-hours.
Expert Answer:
Answer rating: 100% (QA)
Osing the data Manufac turing ouer head applid Actual O4 ouerapplied o4 267... View the full answer
Related Book For
Fundamentals of Investments
ISBN: 978-0132926171
3rd edition
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
Posted Date:
Students also viewed these accounting questions
-
If salaries payable was $75,000 at the beginning of the year and $65,000 at the end of the year, should $10,000 be added to or deducted from income to determine the amount of cash flows from...
-
If salaries payable was $75,000 at the beginning of the year and $60,000 at the end of the year, should $15,000 be added to or deducted from income to determine the amount of cash flows from...
-
C13 1-4 ? 1-6. BACTERIAL GROWTH & COMPONENTS OF MACROMOLECULES Suppose you discover a one-foot black and white sphere in Central Park and you suspect it is a new organism. If it really is alive and...
-
Northwest Building Products (NBP) manufactures two lumber products from a joint milling process: residential building lumber (RBL) and commercial building lumber (CBL). A standard production run...
-
How has the Sarbanes-Oxley Act affected the audit profession and corporate governance of public firms?
-
At December 31, 2025, Redmond Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which matures June 30, 2028. The second is a $6,000,000 bond issue which...
-
A simplified schematic diagram of a carburetor of a gasoline engine is shown in Fig. P11.38. The throat area is \(0.5 \mathrm{in}^{2}\). The engine draws air downward through the carburetor Venturi...
-
The following account titles and balances were taken from the adjusted trial balance of King Co. for 2016. The company uses the periodic inventory system. Account Title ..............Balance Sales...
-
Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced 7,800 February 7,250 March 6,150 April 5,250 May 4,500 June 2,100 July...
-
Marloweville, with 20,000 residents is deciding how to finance the construction of a new municipal stadium that will enhance both recreation and tourism in the area, The construction cost of the...
-
You have $1000 to invest. The risk free rate is 6%. The market portfolio has expected return of 15% and standard deviation of 20%. Part a. What is the mean and standard deviation of your investment...
-
Identify the five uses of free cash flow and how these uses are related to a financial plan.
-
Briefly describe the key elements of an operating plan.
-
Is it possible for the calculated AFN to be negative? If so, what would this imply?
-
Is there a need to regulate mergers? Explain.
-
In what sense do accounts payable and accruals provide spontaneous funds to a growing firm?
-
Couette flow is characterized by ( A ) Steady, incompressible, laminar flow through a straight circular pipe ( B ) Fully developed turbulent flow through a straight circular pipe ( C ) Steady,...
-
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
-
It is common practice for performance evaluation services to compare the returns on a common stock portfolio to a distribution of returns obtained from a large sample of other common stock...
-
Lin Storti, a U.S. citizen, is considering investing in both U.S. and Zanistan common stock index funds. Lin estimates the following market characteristics: U.S. market expected return...
-
Consider a price-weighted market index composed of two securities, A and B, with prices of $16 and $30, respectively. The index divisor is currently 2.0. Calculate the value of the divisor if a....
-
You are reviewing a tender evaluation that is to be awarded on lowest total price. The bid evaluations follow: To which company should the contract be awarded? Company Capital Cost Maintenance...
-
You are analyzing bids from two companies. Company A has scored 85 points on the quality evaluation (out of a scale of 100 points), while company B has scored 95 points. The overall weighting your...
-
A tender evaluation method specifies 30% price and 70% quality. What is the weighted score of a tender that scored 80 points (out of 100) for price and 60 for quality?
Study smarter with the SolutionInn App