One Company uses a normal, traditional (functional) cost system and applies overhead to production based on machine hours. The accounting system provided the following information.   Estimated overhead cost $150,000   Actual overhead cost $140,000   Estimated machine hours 20,000 hours   Actual machine hours 25,000 hours   Calculate the amount of applied overhead assigned to production for the period.   $150,000   $112,000   $140,000   $187,500

2.A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs of $82,749 and the cost drivers for Product 1 is 359 and 282 for Product 2. The assembling activity pool has estimated costs of $63,039 and the cost drivers for Product 1 is 200 and 300 for Product 2. Direct labor hours for Product 1 is 497and 303 for Product 2. What is the total manufacturing overhead cost to be assigned to Product 1 using a single overhead rate as under tradional cost accounting? Round your final answer to the nearest whole dollar and do not put a dollar sign in your answer.

MontanaTechnology, Inc. has a job-order costing system. The company uses pre- determined overhead rates in applying manufacturing overhead cost to individual jobs. The pre-determined overhead rate in Department A is based on machine hours, and the rate in Department B is based on direct materials cost. At the beginning of the most recent year, the company's management made the following estimates for the year: Department B 19,000 60,000 $282,000 $520,000 $705,000 Machine-hours 70,000 30,000 $195,000 $260,000 $420,000 Direct labour-hours Direct materials cost Direct labour cost Manufacturing overhead cost Job 243 entered into production on April 1 and was completed on May 12. The company's cost records show the following information about the job: Department A 250 B 60 Machine-hours Direct labour-hours 70 120 $840 $610 $1,100 $880 Direct materials cost Direct labour cost At the end of the year, the records of Montana showed the following actual cost and operating data for all jobs…

Luthan Company uses a plantwide predetermined overhead rate of $22.30 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $267,600 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours.   The company incurred actual total manufacturing overhead cost of $266,000 and 12,400 total direct labor-hours during the period.   Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period.

A company has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing:   Estimated Activity       Activity Center Product 1 Product 2 Estimated Cost Machine Setups   15     45     $11,400   Assembly Parts   4,500     4,500     217,800   Packaging Pieces   250     200     27,450   Machine Hours per Unit   4     3         Production Volume   750     1,500           A. How much overhead would be allocated to each unit under the traditional allocation method? Round your answers to two decimal places.   Product 1 Product 2 Allocation per unit ? ? B. How much overhead would be allocated to each unit under activity-based costing? Round your answers to two decimal places.   Product 1 Product 2 Allocation per unit ? ?

A company has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing: Estimated Activity Activity Center Product 1 Product 2 Estimated Cost Machine Setups 15 45 $9,600 Assembly Parts 3,000 3,000 143,400 Packaging Pieces 500 400 54,450 Machine Hours per Unit 4 Production Volume 750 1,500 A. How much overhead would be allocated to each unit under the traditional allocation method? Round your answers to two decimal places. Product 1 Product 2 Allocation per unit $ $ B. How much overhead would be allocated to each unit under activity-based costing? Round your answers to two decimal places. Product 1 Product 2 Allocation per unit $ $4

Feauto Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, 163E and E761, about which it has provided the following data: I63E E76I $22.20 $66.60 $17.50 $ 52.50 Direct labor-hours per unit 0.50 84,000 Annual production (units) 1.50 28,000 The company's estimated total manufacturing overhead for the year is $3,141,600 and the company's estimated total direct labor-hours for the year is 84,000. The company is considering using a form of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below: Direct materials per unit Direct labor per unit Activities and Activity Measures Assembling products (direct labor-hours) Preparing batches (batches) Product support (product variations) Total Direct labor-hours Batches Product variations…

Valvano Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $340,000, variable manufacturing overhead of $2.20 per machine-hour, and 30,000 machine-hours. The estimated total manufacturing overhead is closest to: 1. $406,000 2. $375,000 3. $420,000 4. $340,000

Cavy Company accumulated 540 hours of direct labor on Job 456 and 710 hours on Job 777. The direct labor was incurred at a rate of $18 per direct labor hour for Job 456 and $23 per direct labor for Job 777. Journalize the entry for the flow of labor costs into production. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 8

Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product: Fixed manufacturing overhead During the most recent period, the following additional Information was available: • The total actual fixed overhead cost was $275,000. • The budgeted amount of fixed overhead cost was $285,000. • 46,000 direct labor-hours were actually used to produce 24,100 units. What is the standard hours allowed for the actual output? Multiple Choice O 92.000 hours 45,833 hours 48,200 hours Standard Hours. 2 hours. 47,500 hours Standard Rate $6.00 per hour Standard Cost $12.00