Question: Cretin Enterprises uses a predetermined overhead rate of $21.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $173,600 of

Cretin Enterprises uses a predetermined overhead rate of $21.70 per direct

labor-hour. This predetermined rate was based on a cost formula that estimated

Cretin Enterprises uses a predetermined overhead rate of $21.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $173,600 of total manufacturing overhead for an estimated activity level of 8,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $174,500 and 8,230 total direct labor-hours during the period. Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. Answer is complete but not entirely correct. Manufacturing overhead overapplied by 178,591

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!

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $175,770 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $170,613 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $170,613 of total manufacturing overhead for...

Q:

#7 HW Cretin Enterprises uses a predetermined overhead rate of $22.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $178,623 of total manufacturing...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.50 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $172,860 of total manufacturing overhead for...

Q:

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufacturing overhead for...

Q:

Maria sent a consignment of the value of RM48,000,000 at cost to her agent Elantara, and drew a 90 day bill on her for 75% of the value on 2 May 2020. Maria discounted the bill with the bank who...

Q:

A sample of 30 recently sold single-family houses in a small city is selected. Develop a model to predict the selling price (in $thousands), using the assessed value (in $thousands) as well as time...

Q:

Determine whether the function is a solution of the differential equation y ( 4 ) 1 5 y = 0 . y = 7 cos ( x )

Q:

Classify each of the following costs into one of the four quality cost (i.e., COQ) categories: 1. Materials, labor, and overhead costs of scrapped units 2. Engineering time spent to determine the...

Q:

You are the controller of a newly established technology firm that is offering a new pension plan to its employees. The plan was established on January 1, 2017, with an initial contribution by the...

Q:

There are four entrances to the Government Center Building in downtown Philadelphia. The building maintenance supervisor would like to know if the entrances are equally utilized. To investigate, 400...

Q:

Herman Miller is a Michigan-based furniture company that is known for its innovative design products. The company, which is publicly owned and over 75 years old, operates in over 110 countries on...

Q:

The desired distance for Flextronchip customers is 0.2 mm between two adjacent pins. Any deviation from this value causes interference. The process of handling complaints costs the firm at least $40...

Q:

Eastman. Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbot design, and web-ste...

Q:

7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Q:

6. Think of something that you believe in, without the slightest doubt attached to it. How do you imagine this? Is it verbal, in rumours, in metaphors or the like? The answer says something about how...

Q:

Do not move closer than an arms distance. (This distance literally applies to Northern Europe. In Southern Europe this distance is slightly smaller.) If you get closer than this distance, you seem...