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
RSB [31]
3 years ago
15

Brooks Foundry in Rochester comma New York​, uses a predetermined manufacturing overhead rate to allocate overhead to individual

jobs based on the machine hours required. At the beginning of the​ year, the company expected to incur the​ following:Manufacturing overhead costs . . . . . . . . $ 840,000
Direct labor costs . . . . . . . . . . . . . . . . . . 1,550,000
Machine hours . . . . . . . . . . . . . . . . . . 70,000 hours
At the end of 2012, the company had actually incurred:
Direct labor cost . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,160,000
Depreciation on manufacturing property,
plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000
Property taxes on plant . . . . . . . . . . . . . . . . . . . . . . . . . 40,000
Sales salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,500
Delivery drivers’ wages . . . . . . . . . . . . . . . . . . . . . . . . 23,500
Plant janitor’s wages . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000
Machine hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,000 hour
Requirements 1. Compute Brooks' predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the​ year? 3. How much manufacturing overhead was incurred during the​ year? Is manufacturing overhead underallocated or overallocated at the end of the​ year? By how​ much? 4. Were the jobs overcosted or​ undercosted? By how​ much?
Business
1 answer:
kirill115 [55]3 years ago
4 0

Answer:

a) $12

b) 804,000 allocate overhead

c) actual overhead 657,000

  the overhead was overapplied for 147,000 dollars

d) the job were overcosted as the manufacturing cost face by the firm weren't as high as expected.

Explanation:

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

the expected overhead wil be distribute over the cost driver which, in this case, is machine hours:

840,000 / 70,000 = $12

each machine hours will generate 12 dollar of overhead

b) applied overhead:

67,000 hours x $12 overheead per hour = 804,000

c) actial overhead

Depreciation on manufacturing property,

plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000

Property taxes on plant . . . . . . . . . . . . . . . . . . . . . . . . .  40,000

Plant janitor’s wages . . . . . . . . . . . . . . . . . . . . . . . . . . .    17,000

Total ovehead  657,000

We compare with the allcoated

657,000 - 804,00 = -147,000

there is

You might be interested in
During a conversation with the credit manager, one of Tabor's sales representatives learns that a $1,234 receivable from a bankr
Natali5045456 [20]

Answer:

The answer is "No Effect ".

Explanation:

In the situation wherein the write-off would not affect the 2019 net earnings, the write-off reduces that both debt accounts as well as the benefit counter-asset for similar quantities. Whenever an expenditure was recognized, net revenues were affected, therefore, there will be nothing to write off under the allowance approach, so the response is no effect.

8 0
3 years ago
What are some of the troubles that could occur in the economy if inflation rate got as high as 8% or 10% per year?
andrezito [222]

Answer:

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

Explanation:

The type of inflation that gets as high as 8% or 10% is called Galloping inflation.

Some of the troubles that could occur in the economy if inflation rate get as high as 8% or 10% per year are:

1) Foreign investors will avoid the country.

2) Money losses value very fast causing an increase in the prices of goods and services.

3) The economy becomes unstable making the the government leaders to loose credibility.

4 0
3 years ago
The last department in a production process shows the following information at the end of the period: Units Beginning Work in Pr
Drupady [299]

Answer:

goojnb

Explanation:

fbbkkknb. ..kkjbbvfffdbh<em><u>v</u></em><em><u>b</u></em><em><u>b</u></em><em><u>n</u></em><em><u>n</u></em><em><u>m</u></em><em><u>m</u></em><em><u>j</u></em><em><u>j</u></em><em><u>h</u></em><em><u>b</u></em><em><u>b</u></em><em><u>b</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>v</u></em><em><u>v</u></em><em><u>b</u></em><em><u>n</u></em><em><u>m</u></em><em><u>m</u></em>

8 0
3 years ago
According to the readings in Module 1, because middle managers fill structural holes in healthcare organizations, they may bridg
12345 [234]

Answer:

True.

Explanation:

Middle managers not been well recognised in the health care industry and their role in implementation of healthcare innovation.

There is a gap between practice and ploicies,, and this is as a result of poor implementation.

Moddleanagers play an important role of supplying the employees with information of management expectations along with ways in which implementation of policies can be effectively done.

On the other hand they also act as channels for feedback to management so that they will know how to adjust policies that are not meetings the set objectives.

8 0
3 years ago
why might the cost of a mortgage loan be greater than the cost of using unsecured corporate debt to finance corporate real estat
Zolol [24]

For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.

<h3>What is a mortgage loan?</h3>

A mortgage is a form of loan used to purchase or maintain a home, land, or another type of real estate. The borrower agrees to repay the lender over time, often through a series of monthly payments divided into principal and interest. The property is subsequently put up as collateral for the loan.

Borrowers must apply for a mortgage through their preferred lender and meet specific criteria, such as credit score requirements and down payments. Mortgage applications are rigorously scrutinized before they reach the closing stage. Mortgage types vary according to the borrower's needs, such as conventional and fixed-rate loans.

To learn more about a mortgage loan, click

brainly.com/question/15082835

#SPJ4

8 0
1 year ago
Other questions:
  • How does the Small Business Administration (SBA) categorize some types of insurance needs?
    14·2 answers
  • Edwards Auto Body uses a job order cost system. Overhead is applied to jobs on the basis of direct labor hours. During the curre
    5·1 answer
  • If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resu
    8·1 answer
  • A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
    14·1 answer
  • In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on mon
    15·1 answer
  • Production equipment costing $500,000 has been purchased by a contract manufacturing company to meet the specific needs of a cus
    7·1 answer
  • During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0
    5·1 answer
  • on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr
    15·1 answer
  • According to the path-goal theory, the participative style is recommended when group members are performing repetitive tasks.
    8·1 answer
  • Suppose a monopolist produces output where total revenue is maximized. at that output, the price elasticity of demand for the mo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!