The related data of Manushi Company:                                       Actual direct labor hours                                      10,000 Actual overhead cost                                             682,500 Overapplied factory overhead                            125,700 Factory overhead is based on direct labor hours.                                    How much is the predetermined rate?

Q: cost of goods manufactured

A: Cost of the goods manufactured indicating the total cost of production according the individual cost…

Q: allocating manufacturing overhead

A: Overhead allocation rate(OAR) Estimated manufacturing overhead/Actual labor hours

Q: Calculate the cost of goods manufactured if total manufacturing costs were $15,786, beginning work…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…

A: Standard costing is a very important technique in setting out budgets for the all the costs and…

Q: The related data of Jean Grey Company:                                     Direct materials…

A: Formula: Product costs = Direct materials + Direct labor + Factory overheads Sum of direct materials…

Q: Action Corporation, which applies manufacturing overhead on the basis of labor hours, has provided…

A: Formula: Predetermined overhead rate = Estimated manufacturing overhead / Estimated labor hours…

Q: XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per…

A: Calculating Cost of a job for 550 units of XY, which uses a total of 150 Direct Labor hours. Given…

Q: Before the start of the year a company estimated the following costs: $540,000 for factory overhead,…

A: $6.00

Q: The following information was drawn from the accounting records of Marlin Manufacturing Co.…

A: Factory overheads: Its a indirect cost which cannot be traceable directly to the product. Its also…

Q: The following information is available from the records of a manufacturing company that applies…

A: OVERHEADS REFER TO THE ONGOING EXPENSES WHICH ARE DONE FOR OPERATING A BUSINESS .

Q: The related data of Amihan Company:                                         Estimated overhead cost…

A: Predetermined Overhead rate = Estimated overhead cost / Estimated direct labor hours = P3,000,000 /…

Q: For crane company the predetermined overhead rate is 70% of direct labor cost during the month…

A: Overhead expenses are those expenses which are not directly contributing to creating a product or…

Q: Seeb Factory applies manufacturing overhead based on machine hours. Information concerning…

A: Formulas: Pre-Determined overhead rate(POHR) = Estimated manufacturing overhead ÷ Estimated machine…

Q: A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the…

A:

Q: Muscat Factory applies, manufacturing overhead based on machine hours. Information concerning…

A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated machine hours =…

Q: The following data is given for Mayfield Co.:…

A: The planned overhead is allocated to actual production on the basis of  predetermined overhead rate.…

Q: Kareem Company appliles overhead on the basis of machine hours. Given the following data, compute…

A: Predetermined overhead rate = Total estimated overhead costs / total estimated quantity of the…

Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…

A: Standard hours per unit: 2 Hours Standard rate: $6.00 Standard cost: $12.00 Actual Fixed overhead…

Q: One Company uses a normal, traditional (functional) cost system and applies overhead to production…

A: Applied overhead is based on a predetermined overhead and actual machine hours. The predetermined…

Q: Kareem Company applies overhead on the basis of machine hours. Given the following data, compute…

A: Predetermined overhead rate = Total estimated overhead costs / total estimated quantity of the…

Q: The following information was drawn from the accounting records of Marlin Manufacturing Co.…

A: Product 1 $ Product 2 $ Product 3 $ Total $ Direct material 75,000 80,000 85,000 240,000…

Q: Muscat Factory applies manufacturing overhead based on machine hours. Information concerning…

A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated machine hours =…

Q: Brown Brothers is debating the use of direct labour cost or direct labour hours as the cost…

A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor cost =…

Q: Tate Inc. has beginning work in process $26,000, direct materials used $240,000, direct labor…

A: Work in process inventory: Work in process inventory is partially completed goods on which the…

Q: The Ruqaiyah Company estimated Department A's overhead at P255,000 for the period based on an…

A: Overhead rate = estimated overhead / estimated direct labor hours = P255,000 / 100,000 direct labor…

Q: Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to…

A: Manufacturing overhead will be included on predetermined basis and then compare with the actual…

Q: Brown Brothers is debating the use of direct labour cost or direct labour hours as the cost…

A: As the questions asked have more than 1 question, the first question is answered. If you want the…

Q: Diane Company has the following details for March. Cost of Direct Material used in production…

A: The cost of goods sold is calculated as follows: Cost of goods sold = Finished goods beginning…

Q: The following information relates to Donna Corporation for the last year. Donna uses direct labor…

A: We need to understand the meaning of applied overhead. Applied overhead is the amount of the…

Q: Assume that department C applies factory overhead based on units produced with an estimate of 5,000…

A: Factory overhead refers to the costs or expenses incurred by an organization while the manufacturing…

Q: he standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual…

A: Standard costing: Standard costing consists of the setting of the predetermined estimate of costs…

Q: Use the following information to answer the question.   Estimated manufacturing overhead $180,000…

A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labour hours

Q: The related data of Danaya Company:                                         Actual direct labor…

A: Overhead applied  = Actual overhead cost - Underapplied factory overhead = P893,200 - P125,700 =…

Q: Diane Company has the following details for March. Cost of Direct Material used in production…

A: A cost sheet is a method of allocating total cost into different categories. It helps to identify…

Q: Account balances from the Boilermakers Company are as follows: Manufacturing Overhead $240,000…

A: Effect of Underapplied Manufacturing Overhead if the amount is immaterial  Disposition of…

Q: The following information is available: -Estimated Factory Overhead for the year $10,000…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…

A: Actual units = 24,190 Standard ghours per unit = 2 Standard rate per hour = $6.00

Q: Determine the manufacturing overhead of Cleene Company using the following information: • Work in…

A: Manufacturing Overhead: It is the indirect costs incurred  in  production facilities of a…

Q: The following information relates to Donna Corporation for the last year. Donna uses direct labor…

A: Overhead means all type of indirect costs being incurred in business. These costs can not be…

Q: Action corporation, which applies manufacturing overhead on the basis of labor hours, has provided…

A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated labor hours = $137,080 /…

Q: Assume that actual overhead costs were $82,000 and overhead allocated to jobs was $63,000. The…

A: The overhead costs are said to be overapplied when overheads allocated are more than the actual…

Q: Makkah Equipment Co. sells machines and has the following information for the year: Actual Estimated…

A: Answer Actual overhead cost = OMR 2,400,000

Q: A company uses direct labor costs to apply overhead. Its production costs for the period are: direct…

A: The question is multiple choice question.The question is related to Cost Accounting and concept of…

Q: Pell Corporation manufactures computers. Assume that Pell: allocates manufacturing overhead based on…

A: Predetermined overhead rate = Estimated manufacturing overhead/Estimated machine hours

Q: ABC Corporation applies manufacturing overhead to jobs on the basis of direct labor-hours. The…

A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours =…

Q: 1. Compute over- or underapplied overhead. 2a. Which accounts will be affected by the over- or…

A: Absorption or application of overheads is to be done either on the basis of the actual rate or the…

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.