Given a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity is
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Given a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity is
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- The expected total overhead cost when 120,000 machine hours was used is: (WITH SOLUTION)iven a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity isNorwall Company’s variable manufacturing overhead should be $3.00 per standard machine-hour and itsfixed manufacturing overhead should be $300,000 per period.The following information is available for a recent period:a. The denominator activity of 60,000 machine-hours is used to compute the predetermined overhead rate.b. At the 60,000 standard machine-hours level of activity, the company should produce 40,000 unitsof product.c. The company’s actual operating results were:Number of units produced .................................... 42,000Actual machine-hours ........................................... 64,000Actual variable overhead cost .............................. $185,600Actual fixed overhead cost ................................... $302,400Required:1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements.2. Compute the standard hours allowed for the actual production.3. Compute the variable overhead rate and efficiency variances and the…
- The expected total overhead cost when 120,000 machine hours was used is:The Vinta Company estimates its factory overhead for the next period at P2,500,000. It is estimated that 40,000 units will be produced at a material costs of P1,600,000 and will require 100,000 direct labor hours at an estimated cost of P2,500,000. The machine will run about 320,000 hours. What is the predetermined factory overhead rate based on direct labor cost? * P7.8125 156.25% 100.00% O P25.00 O P62.50A company estimates its manufacturing overhead will be $525,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 42,000 per direct labor hour B. Budgeted direct labor expense: $1,050,000 per direct labor dollar C. Estimated machine hours: 70,000 per machine hour
- A company estimates its manufacturing overhead will be $1,080,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 72,000 $fill in the blank 1 per direct labor hour B. Budgeted direct labor expense: $1,800,000 $fill in the blank 2 per direct labor dollar C. Estimated machine hours: 120,000 $fill in the blank 3 per machine hourGiven the following information, compute the total number of units for the period: Direct Labor Hours: 12000 Direct Labor Cost: $2.70 per hour Direct Material Cost: $75 per unit Total Manufacturing Cost: $132,600 Fixed OH Cost: $36000 Variable OH Cost: 50% Total Labor CostThe management of Red Star Company estimates that 60,000 machine-hours will be required to support the production planned for the year. It also estimates $300,000 of total fixed manufacturing overhead cost for the coming year and $5 of variable manufacturing overhead cost per machine-hour. What is the predetermined overhead rate?
- The Vinta Company estimates its factory overhead for the next period at P2,500,000. It is estimated that 40,000 units will be produced at a material costs of P1,600,000 and will require 100,000 direct labor hours at an estimated cost of P1,000,000. The machine will run about 320,000 hours. What is the predetermined factory overhead rate based on material cost? * P25.00 O 250.00% O P7.8125 156.25% O P62.50The Vinta Company estimates its factory overhead for the next period at P2,500,000. It is estimated that 80,000 units will be produced at a material costs of P1,600,000 and will require 25,000 direct labor hours at an estimated cost of P2,500,000. The machine will run about 320,000 hours. What is the predetermined factory overhead rate based on units of production? * P62.50 P31.25 156.25% P7.8125 O 100.00%The Vinta Company estimates its factory overhead for the next period at P2,500,000. It is estimated that 40,000 units will be produced at a material costs of P1,600,000 and will require 25,000 direct labor hours at an estimated cost of P2,500,000. The machine will run about 320,000 hours. What is the predetermined factory overhead rate based on direct labor hours? * 100.00% O P7.8125 O P100.00 O 156.25% O P25.00
