• The controller for ozark mountain poultry estimates that the company’s fixed overhead is $100.000 per year. he also has determined that the variable overhead is approximately $0.10 per hen raised and sold. since the firm has a single product overhead is applied on the basis of output units, hens raised and sold. 
• 1. calculate the predetermined overhead rate under each of the following output predictions: (round your answers to 2 decimal places.) 200,000 hens per hens 300,000 hens per hen 400,000 hens per hen 
• 2. does the predetermined overhead rate change in proportion to the change in predicted production? yes no 
• 3. the following date refer to krispy kreme for the year 20x4. work-in-process inventory, 12/31x3 $ 8,000 selling and administrative salaries 13,700 insurance on factory and equipment 3,600 work-in-process inventory, 12/31/x4 8,200 finished-goods inventory, 12/31/x3 14,000 indirect material used 4,600 depreciation on factory equipment 2,100 raw material inventory, 12/31/x3 10,200 property taxes on factory 2,400 finished goods inventory, 12/31/x4 15,200 purchases of raw material in 20x4 39, 000 utilities for factory 6,000 cash, 12/31/x4 7,000 utilities for sales and administrative expenses 2,400 other selling and administrative expenses 3,800 indirect labor cost incurred 29,000 depreciation on factory building 3,800 depreciation on cars used by sales personnel 1,200 direct labor cost incurred 79,000 raw material inventory, 12/31/x4 11,000 rental for warehouse space to store raw material 2,900 rental of space for company president’s office 1,500 applied manufacturing overhead 58,000 sales revenue 207,800 income tax expense 5,100 accounts receivable, 12/31/x4 4,000 
• 4. prepare krispy kreme schedule of cost of goods manufactured for 20x4. 
• 5. prepare krispy kreme schedule of cost of goods manufactured for 20x4. the company over applied or under applied overhead into cost of goods sold. 
• 6. prepare krispy kreme income statement for 20x4.

Answer rating: 100% (QA)

1 200000 hens Predetermined overhead rate 50000 per hen 300000 hens Predetermined overhead rate 33333 per hen 400000 hens Predetermined overhead rate ... View the full answer