P Capehage Company unes a jb order coel systen Factory overhead is appd euing a predened rte based on det labor hours. Al the beginning of yer the estmatod factory overhead and dirediabor hours were P480,000 and 12.00 houn, pectively. Duning the year, Copenhagen incumed total octual factory overta of PATS.000 and 11.500 drect labor hours. Among the job onders recelved during the ye Jb 02 comprising of 100 unb of firished products was completed with to cost of P5.000 and drect labor cost of P12,300 al P41 per hour. Regrt Calolate the predetermined overhead rate. Calculale the total amount of overhead charget to all jobs during the year. Caae theaout of under- or overappliedohead of the year.
P Capehage Company unes a jb order coel systen Factory overhead is appd euing a predened rte based on det labor hours. Al the beginning of yer the estmatod factory overhead and dirediabor hours were P480,000 and 12.00 houn, pectively. Duning the year, Copenhagen incumed total octual factory overta of PATS.000 and 11.500 drect labor hours. Among the job onders recelved during the ye Jb 02 comprising of 100 unb of firished products was completed with to cost of P5.000 and drect labor cost of P12,300 al P41 per hour. Regrt Calolate the predetermined overhead rate. Calculale the total amount of overhead charget to all jobs during the year. Caae theaout of under- or overappliedohead of the year.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...
Related questions
Concept explainers
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning