Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
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Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation. Factory janitorial work Factory insurance General and administrative salaries Selling expenses Required 1 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Required 2 Complete this question by entering your answers in the tabs below. Required 3 Predetermined Overhead Rate Total Cost $48,695 Required 4 Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places. 2,520 3,370 3,230 4,780 5,630 1,260 1,800 Per DLH 4,220 5,450 < Required 1 Required 2 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work. Factory insurance General and administrative salaries. Selling expenses Total Cost $ 48,695 2,520 3,370 3,230 4,780 5,630 1,260 1,800 4,220 5,450 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. < Required 1 Required 1 Required 2 Required 3 Required 4 Calculate the amount of applied manufacturing overhead. Note: Round your intermediate calculations to two decimal places. Ensure that the graded value and the explanation part are as per the rounding instruction provided. Applied Manufacturing Overhead Required 3 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Required 1 Required 2 Required 3 Required 4 Total Cost $ 48,695 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Calculate actual manufacturing overhead costs. Complete this question by entering your answers in the tabs below. Actual Manufacturing Overhead Costs 2,520 3,370 3,230 4,780 5,630 1,260 1,800 4,220 5,450 < Required 2 Required 4 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Total Cost $ 48,695 Required 1 Required 2 Required 3 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. by 2,520 3,370 Required 4 3,230 4,780 5,630 1,260 1,800 4,220 5,450 Compute over- or underapplied overhead. Note: Input the amount as positive value. Round your intermediate calculations to two decimal places. Ensure that the graded value and the explanation part are as per the rounding instruction provided. Overhead < Required 3 Required 4 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation. Factory janitorial work Factory insurance General and administrative salaries Selling expenses Required 1 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Required 2 Complete this question by entering your answers in the tabs below. Required 3 Predetermined Overhead Rate Total Cost $48,695 Required 4 Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places. 2,520 3,370 3,230 4,780 5,630 1,260 1,800 Per DLH 4,220 5,450 < Required 1 Required 2 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work. Factory insurance General and administrative salaries. Selling expenses Total Cost $ 48,695 2,520 3,370 3,230 4,780 5,630 1,260 1,800 4,220 5,450 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. < Required 1 Required 1 Required 2 Required 3 Required 4 Calculate the amount of applied manufacturing overhead. Note: Round your intermediate calculations to two decimal places. Ensure that the graded value and the explanation part are as per the rounding instruction provided. Applied Manufacturing Overhead Required 3 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Required 1 Required 2 Required 3 Required 4 Total Cost $ 48,695 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Calculate actual manufacturing overhead costs. Complete this question by entering your answers in the tabs below. Actual Manufacturing Overhead Costs 2,520 3,370 3,230 4,780 5,630 1,260 1,800 4,220 5,450 < Required 2 Required 4 > Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $188,180. Estimated direct labor cost was $486,940 for 19,400 hours. Actual costs for the most recent month are summarized here: Item Description Direct labor (1,500 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Total Cost $ 48,695 Required 1 Required 2 Required 3 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. by 2,520 3,370 Required 4 3,230 4,780 5,630 1,260 1,800 4,220 5,450 Compute over- or underapplied overhead. Note: Input the amount as positive value. Round your intermediate calculations to two decimal places. Ensure that the graded value and the explanation part are as per the rounding instruction provided. Overhead < Required 3 Required 4 >
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Predetermined Rate The overhead is applied to the production on the basis of the predetermined over... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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