1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nutka1998 [239]
4 years ago
9

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing ove

rhead to jobs. Selected data about the company's operations follows:Actual manufacturing overhead cost $500,000Estimated manufacturing overhead cost $550,000Estimated direct labor cost $175,000Estimated direct labor hours 50,000Actual direct labor hours 60,000Estimated machine hours 40,000Actual machine hours 35,000By how much was manufacturing overhead overallocated or underallocated for the year?A) $50,000 underallocatedB) $160,000 overallocatedC) $100,000 underallocatedD) $50,000 overallocated
Business
1 answer:
Lelu [443]4 years ago
6 0

Answer:

B) $160,000 overallocated

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we calcualte the predetermined manufacturing overhead rate by distribution the expected overhead cost over the cost Driver.

<em>"Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours"</em>

In this case, it is the labor hours

550,000 / 50,000 = 11

Then we multiply this rate by the actual output of the driver:

11 x actual direct labor

11 x 60,000 = 660,000

New, we calcualte the application of overhead

660,000 - 500,000 = 160,000

It was overapplied by 160,000 as the actual cost were lower than expected.

You might be interested in
Sometimes applicants are not hired solely because of a wrong impression the employer received during the interview.
pentagon [3]

The correct answer is T (True)

Explanation:

In the process of hiring a new employee, there are many factors employers consider such as experience, knowledge, communicational skills, among others. Besides this, one of the factors that influence employers in this process is the impression they have about candidates. For example, a candidate without enough experience or knowledge might still be hired if the employer had the impression that the candidate is willing to learn and is interested in the job. In the same way, applicants with enough experience and knowledge might not be hired if the employer has a negative impression of them. Thus, it is true some applicants might not be hired only because of a wrong or negative impression the employer had about them during the interview.

7 0
4 years ago
Wally and Kim, a married couple with an average life expectancy, have a retirement budget of $6,000/month. While they are both a
tatuchka [14]

Answer: Card 5

Explanation:

3 0
3 years ago
Baxter Company produces Frisbees using a threeminusstep sequential process that includes​ molding, coloring and finishing. At wh
Hoochie [10]

The options are:

A) When the Frisbees are in WIP InventoryWIP Inventory-Molding

B) When the Frisbees are in WIP InventoryWIP Inventory-Finishing

C) When the Frisbees are in WIP InventoryWIP Inventory-Coloring

D) All of the above

Answer:

D) All of the above

Explanation:

Manufacturing overhead is defined as all manufacturing cost incurred in producing a good that cannot be traced directly to the product in an economically feasible way.

For example processes in Work In Process stage of manufacturing such as labour and utility expenses are manufacturing overhead costs. Work in process is the manufacturing stage where goods are converted from raw goods to partially finished goods.

So all the options given which are on the WIP are correct.

4 0
4 years ago
Joe is reviewing secondary data his company collected about seasonal variation in consumer spending because he is thinking about
Rainbow [258]

They are fast easy and cheaper, but offer less control and customisability.

4 0
4 years ago
Which ONE of the following statements BEST describes INVENTORY?a. Goods used by company employees on a daily basisb. Goods due f
lianna [129]

Answer: C

Explanation:

7 0
3 years ago
Other questions:
  • Select the correct answer.
    9·1 answer
  • What is the best way to hurt your credit rating
    11·1 answer
  • Would you expect bacteria to grow at the same rate for decades?
    11·1 answer
  • List three careers that require knowledge of science.
    11·1 answer
  • In addition to building automobiles, what other innovation is henry ford known for?
    6·1 answer
  • Last year Curative Technologies Inc. reported after-tax earnings of $23 million. Included in the expenses were depreciation of $
    7·1 answer
  • Explain the difference between capital and capital goods
    6·1 answer
  • Select the appropriate letter to each of its related definition in the list given below. There should be only one definition per
    13·1 answer
  • Pederson Enterprises produces giant stuffed bears. Each bear consists of $12 of variable costs and $9 of fixed costs and sells f
    12·1 answer
  • Fred is working on a new storage system for his organization. He needs it to provide storage for the entire private cloud in the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!