The following production overhead costs relate to a production department XY,  Budget $372,000 Actual $425,000 Absorbed $391,000  Calculate the over or under absorbed of the overhead? show solution

Q: Presented here are the original overhead budget and the actual costs incurred during April for…

A: 1. To calculate flexed budget allowances for variable and fixed overhead for April: Flexed variable…

Q: Accounting A company’s planned activity level for next year is expected to be 50,000 machine hours.…

A: The flexible budget is prepared to estimate the expenses at various level of production.

Q: Budgeted overheads $690,480 Budgeted machine hours 15,344 Actual machine hours 14,128 Actual…

A: We have the following information: Budgeted overheads: $690,480 Budgeted machine hours: 15,344…

Q: Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: The following information is provided for the year: Actual overhead $225,000 Actual machine hours…

A: Overhead are the indirect expenses that are incurred by the company, these expense are generally not…

Q: The following data are presented: Budgeted 50,000 Actual 55,000 P800,000 Production in units…

A: Predetermined overhead rate = Budgeted overhead / Budgeted units = P750,000 / 50,000 = P15…

Q: Pinnacle Corp. budgeted $214,250 of overhead cost for the current year. Actual overhead costs for…

A: Single plant-wide factory overhead rate: The rate at which the factory or manufacturing overheads…

Q: Machine hours used to set the predetermined overhead rate were 50,000, actual hours were 48,000, and…

A: Predetermined overhead rate  = Applied overhead/Actual hours = $120,000/48000 =$2.5 per hour

Q: what was the overhead absorption rate per hour

A: Overhead Absorption Rate :— It is the predetermined Overhead Rate at which Overhead cost is assigned…

Q: A company using standard costing system presents the following information for the budget period:…

A: Note: Since you have posted a question with multiple sub-parts, we will solve the subparts asked by…

Q: Pinnacle Corp. budgeted $270,880 of overhead cost for the current year. Actual overhead costs for…

A: Overheads are considered as fixed and common expenses that should be allocated to the products based…

Q: ABC Office Equipment Company's budgeted manufacturing overhead is $5,400,000. Overhead is allocated…

A: Manufacturing overhead allocated = ($5,400,000 / 30,000) x 40,000 = $7,200,000

Q: Budgeted fixed overheads were 4,20,000, budgeted production was 30,000 units, fixed overhead cost…

A: Fixed overhead expenditure variance: =Budgeted overheads which was fixed - Actual fixed overheads…

Q: Budgeted labour hours 8,500 Budgeted overheads £148,750 Actual labour hours 7,928 Actual…

A: We have the following information: Budgeted labour hours: 8,500 hours Budgeted overheads: $148,750…

Q: Pinacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the…

A: Plantwide factory overhead rate = Budgeted overhead cost / Budgeted machine hours

Q: If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is…

A: Predetermined overhead rate Predetermined overhead rate is an allocation rate that applies a certain…

Q: cost formula  for the maintenance department of the Eifel Co. is $6,500 per month plus $3.50 per…

A: Concept used: Total maintenance cost is calculated by adding the variable cost to the fixed cost.

Q: The following information is available for the Danske Company: Denominator hours for May 20,000…

A: Actual Total Overhead = Variable overhead applied based on direct labor hours allowed + Fixed…

Q: K Company created a set budget of 50,000 direct labour hours, with variable overhead expenses of…

A: The variable costs are changed with the level of production and fixed costs remains constant for…

Q: Mountain Peaks applies overhead on the basis of machine hours and reports the following information:…

A: Journal entries are prepared to record the financial and non financial transaction of the business…

Q: BUDGETED DATA: Budgeted machine hours                                                        60,000…

A: 1. Computation of budgeted (applied) manufacturing overhead rate per direct labor hour: Hence, the…

Q: Pinnacle Corp. budgeted $260,140 of overhead cost for the current year. Actual overhead costs for…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated…

Q: Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base…

A: Solution: Fixed overhead volume variance is computed using formula = Fixed overhead applied -…

Q: Pinnacle Corp. budgeted $218,050 of overhead cost for the current year. Actual overhead costs for…

A: Plantwide factory overhead rate  = Budgeted overhead cost/Budgeted machine hours

Q: The following information pertains to Trenton Glass Works for the year just ended. Budgeted…

A: When the expenses incurred are less than the budgeted expense, it is said to be overhead overapplied…

Q: Consider the following information: Budgeted overhead Actual overhead $ 250,000 240,000 Budgeted…

A: Adjusted net income is equal to the net income after making necessary adjustments such as over or…

Q: There were 100,000 budgeted machine hours for the forthcoming period. The fixed production overhead…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Presented here are the original overhead budget and the actual costs incurred during April for…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Mountain Peaks applies overhead on the basis of machine hours and reports the following information:…

A: PREDETERMINED OVERHEAD RATE :  = BUDGETED OVERHEAD / BUDGETED HOURS  = $450,000 / $50,000 = $9

Q: Actual Overhead -- P 200,000; Budgeted Overhead -- P 150,000; Estimated direct labor hours -- 5,000…

A: Predetermined overhead rate: It is the rate at which the overhead costs are applied to the products…

Q: The following data pertain to the current year: Budgeted manufacturing overhead:…

A: Applied overhead = Predetermined overhead rate per machine hour  x Actual machine hours.

Q: Company’s fixed factory overhead is budgeted at $300,000 for the year on an expected annual…

A: Variance analysis is an analysis used to recognize the difference between actual behavior and…

Q: Western Manufacturing produces a single product. The original budget for April was based on expected…

A: The variance is calculated in order to compare the actual results with the standard results.

Q: ny's budgeted varlable manufacturing overhead cost Is $1.05 per machine-hour and its budgeted d is…

A: Answer 1) Predetermined Overhead Rate  = Total Overhead / Machine hours Total Overhead = Variable…

Q: Assume the following five facts: • budgeted fixed manufacturing overhead for the coming period of…

A: Predetermined plantwide overhead rate = budgeted variable manufacturing overhead rate + budgeted…

Q: Woodman Company applies factory overhead on the basis of direct labor hours. Budget and actual data…

A: Factory Overheads are the indirect costs and expenses related to manufacturing and production of…

Q: Mountain Peaks applies overhead on the basis of machine hours and reports the following information:…

A: A. Predetermined overhead rate = Budgetd overhead / Budgeted machine hours = $420000/70000 hours =…

Q: Mark manufactures tiles was using absorption costing for its one of the plant Its quarter budgeted…

A: Variance analysis: It is the technique in budgeting that allows for analysis of the variances…

Q: in Peaks applies overhead on the basis of machin hours and reports the following information: Budget…

A: The question has four (A,B,C,D) sub parts. As per our honor code, I can answer only first three sub…

Q: Below is the selected information for a company for last year: Budgeted fixed manufacturing overhead…

A: Predetermined manufacturing overhead rate = Budgeted manufacturing overhead/Machine hours…

Q: Using the following information                 Actual direct labor hours used,…

A: Note: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered…

Q: Budgeted overhead  £100,000 Actual overhead  £90,000 Budgeted labour hours  20,000 Actual…

A: We have the following information: Budgeted overhead: £100,000 Actual overhead: £90,000 Budgeted…

Q: Overhead rate is 42 per machine hour based on budgeted OH of 745,000. During the period, direct…

A:

Q: The following data pertain to the current year: Budgeted manufacturing overhead:…

A: Overhead is the indirect material or labor or any other cost which can not be applied to any…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.