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Rzqust [24]
3 years ago
6

Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to

date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. The predetermined overhead rate based on machine hours is__________
Business
1 answer:
ki77a [65]3 years ago
6 0

Answer:

The predetermined overhead rate based on machine hours is $62

Explanation:

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

We will distribute the expected overhead cost over the costdriver. In this case, machine hours.

15,500,000/250,000 = 62

each machine hour carries 62 dollars of overhead.

The actual machine hours are used to determinate the applied overhead. While the actual cost it is compared with the applied to look for underapplication or overapplication.

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Answer:

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current year's service cost                    (600000)                               (600000)

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 balance sheet liability = 361440

5 0
3 years ago
Read 2 more answers
When Jim Poss bought used kitchen trash compactors to tinker with and then tried some reverse engineering to test the feasibilit
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Answer:

The correct answer is a.

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Have a nice day!

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Answer:

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