Question: Sarah's Machine Tools uses a predetermined factory overhead rate based on machine hours. For March, Sarah's budgeted overhead was $825,000 based on a budgeted

Sarah's Machine Tools uses a predetermined factory overhead rate based on machine

Sarah's Machine Tools uses a predetermined factory overhead rate based on machine hours. For March, Sarah's budgeted overhead was $825,000 based on a budgeted volume of 35,000 machine hours. The actual machine hours used totaled 33,800 and the I March manufacturing overhead was under applied by $7536, what was the actual overhead incurred for March? (Round your final answer to the nearest $1.00.)

Step by Step Solution

★★★★★

3.34 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Actual Overhead Applied Overhead Underapplied Overhead Actua... 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!

Tonys Textiles uses a predetermined factory overhead rate based on machine-hours. For May, Tonys budgeted overhead was $210,000 based on a budgeted volume of 35,000 machine-hours. Actual overhead...

Tom's Tool & Die uses a predetermined factory overhead rate based on machine-hours. For August, Tom's budgeted overhead was $714,000 based on a budgeted volume of 68,000 machine hours. Actual...

Millerlile Enterprises calculates a predetermined factory overhead rate so that factory overhead may be applied to production during the month. It calculates the overhead using three different...

Creed Corporation is considering manufacturing a new engine designated as model VX4. The engine will be a different size from any produced by Creed, and the company expects to sell 20,000 units a...

1.Peter and Senen Co. sell the same product in a competitive industry. Thus, the selling price of the product for each company is the same. Other data about the two companies are as follows: Peter...

Data for questions No. 16 through 24 JYD Corporation uses an absorption costing system for internal reporting purposes. At present, however, it is considering to use the variable costing system....

Nil Co. uses a predetermined factory overhead application rate based on direct labor cost. For the year ended December 31, Nil's budgeted factory overhead was $600,000, based on a budgeted volume of...

Jabotinsky Company, an Israeli manufacturer of olive wood products, uses a predetermined factory overhead application rate based on direct labor cost. For 1997, Jabotinskys budgeted factory overhead...

Calculating Over- or Underapplied Overhead Mills, Inc., uses a predetermined factory overhead rate based on direct labor-hours. For October, Millss budgeted overhead was $$2,520,000$ based on a...

Avian Co. uses a predetermined factory overhead rate based on direct labor-hours. For the month of October, Avian's budgeted overhead was $300,000 based on a budgeted volume of 100,000 direct...

(a) You are an institutional investor and have the collected the following information on five firms in order to assess their dividend policies: In millions of dollars (figures in parentheses are...

Explain what it means for a function to be (1).

Discuss the impact of technology on Flayton Electronics. What were some of the technological and non - technological factors critical in the success of the company? Based on your analysis, what...

Acar is traveling at 23.6 m/s along a horizontal road. The coefficients of friction between the road and the tires are H, = 0.6 and Hk = 0.14. Calculate the distance the car travel before stopping if...

Suppose that your mass is 65 kg, and you are standing on a scale fastened to the floor of an elevator. The scale measures force and is calibrated in newtons. What does the scale read when the...

Suppose that your mass is 76.4 ke. and you are standing on a scale fastened to the floor of an elevator. The scate measures force and is calibrated in newtons. What does the scale read when the...

A 4.2 kg particle starts from rest at x = 0 and moves under the influence of a single force F= 20 + 10x- 3x?, where F, is in newtons and x is in meters. Calculate the work done by the force as the...

A car is traveling at 27.1 m/s along a horizontal road. The coefficients of friction between the road and the tires are He = 0.71 and 4k = 0.35. Calculate the distance the car travel before stopping...

Localization involves adapting a text by taking into account... Only the translator's creativity Only the translator's creativity O The author's original intention without changes Cultural content...

Sarah's Machine Tools uses a predetermined factory overhead rate based on machine hours. For March, Sarah's budgeted overhead was $825,000 based on a budgeted volume of 35,000 machine hours. The...

Columbus Custom Carpentry - Active Employees First N Last NaSexAge EEO FT/PT Anthony Chad Jeffrey Molly Daniel Brook James Brian Scott Ronnie Terry Stephen Benny Don Roger Christop Raven Brian Nikki...

Management accounting assignment: Write a critique with reference list. Please help me write something as much as you could. Analysing technology investmentsfrom NPV to Strategic Cost Management...

Read the above passage and then answer short questions Summarize and elaborate the research method of this article in concise language Application Research Based on Machine Learning in Network...

Graphical derivation and interpreting beta You are analyzing the performance of two stocks as shown in the following graphs. The first shown in Panel A. is Cyclical Industries Incorporated Cyclical...

A. B. C. 3 PART QUESTION SHOW WORK FOR THUMBS AND RATING Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, and activity...