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netineya [11]
3 years ago
6

Trust Company applies overhead based on direct labor hours. At the beginning of the year, Trust estimates overhead to be $700,00

0, machine hours to be 200,000, and direct labor hours to be 35,000. During February, Trust has 5,000 direct labor hours and 10,000 machine hours. What is the amount of overhead applied for February?
Business
1 answer:
Svetradugi [14.3K]3 years ago
6 0

Answer:

$100,000

Explanation:

Data provided in the question:

Estimated overhead = $700,000

Estimated machine hours = 200,000

Estimated Direct labor hours = 35,000

Direct labor hours for February = 5,000

Now,

The Predetermined Overhead Rate is calculated as

= ( Estimated Overhead Cost ) ÷ ( Estimated Direct Labor hour )

or

Predetermined Overhead Rate = $700,000 ÷ 35,000

or

Predetermined Overhead Rate = 20 per direct labor hour

Therefore,

The amount of overhead applied for February

= Predetermined Overhead Rate × Direct labor hours for February

= 5,000 × $20

= $100,000

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1 year ago
Facilities like the ymca and parks and recreation departments are associated with what kind of setting?
barxatty [35]
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3 0
3 years ago
American Idle sells hammocks in a perfectly competitive market. This year, the price of hammocks has fallen to $24, and Simon Co
AfilCa [17]

Answer:

Shut down as P < AVC.

Explanation:

Given that,

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Average variable cost = $25

Average total cost (ATC) = $30

Marginal cost = $24

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3 years ago
cNally Corporation makes a special ski. Next year, McNally expects to produce 20,000 pairs of skis. Seven pounds of fiberglass a
scoundrel [369]

Answer:

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Giving the following information:

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3 0
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