Question: Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,025,000.

Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,025,000. The company used 1,000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1,050,000. The budgeted machine hours for the year totaled 20,000. How much overhead should be applied to Job No. B12?
a. $1,050
b. $51,250
c. $52,500
d. $1,025

Step by Step Solution

★★★★★

3.34 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Overhead application rate Total estimated annual o... 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

Document Format (1 attachment)

1019-B-C-F-D-F(2202).docx

120 KBs Word File

Students Have Also Explored These Related Corporate Finance Questions!

Platt Sports Products manufactures and distributes three types of golf clubs: beginners, intermediate, and advanced. The materials used in these clubs increases in each level and allows for more...

Beaver Company manufactures coffee tables and uses an activity - based costing system. Each coffee table consists of 30 separate parts totaling $250 in direct materials, and requires 5 hours of...

Blackstone Inc. manufactures western boots and saddles. The company is considering replacing an outmoded leather processing machine with a new, more efficient model. The old machine was purchased for...

can someone help me with questions 4-6 please? 4. Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was...

er mit standards for its product: 2 pounds of month, 1,500 pounds of direct materials were price variance for last month was 37. A company developed the following per-unit standards for direct...

Note: It is recommended that you save your response as you complete each question. Question 18 (1 point) Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead....

Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The company used 1,000 hours of...

Not yet answered Points out of 2.00 P Flag question Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was...

16. Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The company used 1,000 hours of...

Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,025,000. The company used 1,000 hours of...

Rogers Communications in Canada operates a call center for customer service. As- sume that each caller speaks either English or French, but not both. Suppose that the arrival for each type of calls...

Do managers of international firms need to approach organizational design differently from their counterparts in domestic firms? Why or why not?

In some coumtries it is customary to pay government offloals to secure necessary business contracts and permics. US . buainesses must follow US . law and cannot make these payments according to the...

LO 1 Describe the nature of strategy implementation

Acid-catalyzed dehydration of 2, 2-dimethylcyclohexanol yields a mixture of 1, 2-dimethylcyclohexene and isopropylidenecyclopentane. Propose a mechanism to account for the formation of bothproducts....

Epoxide?s react with Grignard reagents to yield alcohols propose a mechanism. 1. CHMgBr 2. * CH

How would you prepare the following substances from Cyclopentanol? More than one step may be required. (a) Cyclopentanone (b) Cyclopentane (c) 1-Methylcyclopentanol (d) Trans-2-Methylcyclopentanol I...

Alpha Inc has just issued a 15-year bond with $1,000 par value, which pays the amount below as annual coupon (interest). The market price of the bond and your required rate of return are also...

Need help with this Allison and Leslie, who are twins, just received $50,000 each for their 23th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual...

the answers inputted are corrext. looking for the empty 3 Suppose your company needs to raise $41.6 million and you want to issue 20 -year bonds for this purpose. Assume the required return on your...