Use the following information for Brief Exercises 4-24 and 4-25:
At the beginning of the year, Hallett Company estimated the following:
Refer to the information for Hallett Company above. Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows:
Brief Exercise 4-25 Convert Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production
Refer to the information in Brief Exercise 4-24 for data. Now, assume that Hallett has decided to use a plantwide overhead rate based on direct labor hours.
Required:
1.
Calculate the predetermined plant-wide overhead rate.
Predetermined Overhead Rate:
The amount which is calculated at the beginning of the accounting year for a related activity by dividing the total estimated annual overhead by estimated annual activity level is known as the predetermined overhead rate.
Use the following formula to calculate predetermined plant-wide overhead rate:
2.
Calculate the overhead applied to production for the month of June.
3.
Calculate the overhead variance for the month of June.
Financial & Managerial Accounting
Accounting Information Systems
Corporate Financial Accounting
Intermediate Accounting: Reporting And Analysis
Financial And Managerial Accounting
Financial Accounting
College Accounting, Chapters 1-27
Principles of Macroeconomics (MindTap Course List)
Accounting Information Systems
Principles of Microeconomics (MindTap Course List)
Contemporary Marketing
Management, Loose-Leaf Version
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Foundations of Business (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Principles of Economics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Essentials of Economics (MindTap Course List)
College Accounting (Book Only): A Career Approach
Financial Accounting
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
Financial & Managerial Accounting
Statistics for Business & Economics, Revised (MindTap Course List)
Exploring Economics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Principles of Macroeconomics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Economics For Today
Cornerstones of Cost Management (Cornerstones Series)
Economics (MindTap Course List)
Practical Management Science
Purchasing and Supply Chain Management