At the end of the year, the company had actually incurred the following: Beginning of year...
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At the end of the year, the company had actually incurred the following: Beginning of year estimated costs Manufacturing overhead costs Direct labor cost Machine hours 560,000 1,650,000 80,000 T X Actual end of year costs Direct labor cost.. Depreciation on manufacturing plant and equipment. Property taxes on plant.. Sales salaries... Delivery drivers' wages. Plant janitors' wages.. Machine hours. $ 1,250,000 495,000 21,000 23,500 13,500 12,000 57,000 hours $ $ $ Requirements 1. Compute Brooks' predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? - X Points: 0.19 of 2 Brooks Foundry in Youngstown, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the beginning of year estimated costs) At the end of the year, the company had actually incurred the following: (Click the icon to view the actual end of year costs) Read the requirements. Part 2 of 6 Requirement 1. Compute Brooks' predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Estimated yearly overhead costs Estimated yearly machine hours CUL Predetermined overhead rate per machine hour Save At the end of the year, the company had actually incurred the following: Beginning of year estimated costs Manufacturing overhead costs Direct labor cost Machine hours 560,000 1,650,000 80,000 T X Actual end of year costs Direct labor cost.. Depreciation on manufacturing plant and equipment. Property taxes on plant.. Sales salaries... Delivery drivers' wages. Plant janitors' wages.. Machine hours. $ 1,250,000 495,000 21,000 23,500 13,500 12,000 57,000 hours $ $ $ Requirements 1. Compute Brooks' predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much? 4. Were the jobs overcosted or undercosted? By how much? - X Points: 0.19 of 2 Brooks Foundry in Youngstown, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the beginning of year estimated costs) At the end of the year, the company had actually incurred the following: (Click the icon to view the actual end of year costs) Read the requirements. Part 2 of 6 Requirement 1. Compute Brooks' predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate. Estimated yearly overhead costs Estimated yearly machine hours CUL Predetermined overhead rate per machine hour Save
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Answer rating: 100% (QA)
To compute Brooks predetermined manufacturing overhead rate we need to divide the estimated yearly overhead costs by the estimated yearly machine hours Predetermined overhead rate Estimated yearly ove... View the full answer
Related Book For
Complex Variables and Applications
ISBN: 978-0073051949
8th edition
Authors: James Brown, Ruel Churchill
Posted Date:
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