Question: Thomlin Company forecasts that total overhead for the current year will be $11,544,000 with 156,000 total machine hours. Year to date, the actual overhead is

Thomlin Company forecasts that total overhead for the current year will be $11,544,000 with 156,000 total machine hours. Year to date, the actual overhead is $6,837,600, and the actual machine hours are 88,800 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is

a.$266,400 underapplied

b.$201,600 underapplied

c.$266,400 overapplied

d.$201,600 overapplied

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!

This problem continues the accounting process for Fitness Equipment Doctor, Inc., from the Continuing Problem in Chapter 2. The trial balance for Fitness Equipment Doctor, Inc., at April 30, 2018,...

The Thomlin Company forecasts that total overhead for the current year will be $11, 668,000 with 152,000 total machine hours. Year to date, the actual overhead is $7, 996,000 and the actual machine...

Name: $40,000 555,000 Cost of Materials Used Direct Labor costs Factory Overhead Work in Process, beg. $28,000 Work in Process, end.$18,000 16. $32,000 What is Cost of Goods Manufactured? a. $173,000...

please solve problems and expand Materials were requisitioned to individual jobs as follows: Fabric Polyester Filling Lumber Glue Total Job 601 $33,600 $42,300 $113,200 $189,100 Job 602 25,900 46,000...

The Thomlin Company forecasts that total overhead for the current year will be $11,298,000 with 156,000 total machine hours. Year to date, the actual overhead is $7,722,000 and the actual machine...

22 Discount Sales sells some used store fixtures. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold...

1) The Thomlin Company forecasts that total overhead for the current year will be $11,455,000 with 150,000 total machine hours. Year to date, the actual overhead is $7,839,000 and the actual machine...

Calculator Thomlin Company forecasts that total overhead for the current year will be $11,079,000 with 169,000 total machine hours. Year to date, the actual overhead is $7,689,000 and the actual...

Thomlin Company forecasts that total overhead for the current year will be $11,320,000 with 198,000 total machine hours. Year to date, the actual overhead is $7,918,000 and the actual machine hours...

The Thomlin Company forecasts that total overhead for the current year will be $11,159,000 with 179,000 total machine hours. Year to date, the actual overhead is $7,556,000 and the actual machine...

Thomlin Company forecasts that total overhead for the current year will be $11,781,000 with 187,000 total machine hours. Year to date, the actual overhead is $5,681,600, and the actual machine hours...

Predict the predominant products that would result from bromination of each of the following compounds, classify each substituent group as an ortho, para director or a meta director, and explain your...

AquaSports sells two types of Kayak - the River Runner and the Sea Force. The following data has been provided: Cost per unit Markup Rebate* Customer-level information Water Adventures Sea Level...

Differentiate between standard ACLs and extended ACLs by outlining their respective traits?

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

6-17 Identify the five problems of a traditional file environment and explain how a database management system solves them.

6-15 Identify some of the business intelligence features included in SAPs business software suite. The Lego Group, which is headquartered in Billund, Denmark, is one of the largest toy manufacturers...

6-18 Discuss how the following facilitate the management of big data: Hadoop, in-memory computing, analytic platforms.