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
ivolga24 [154]
3 years ago
8

Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proces

s on February 1. During the month of February, the company worked on these three jobs: Job Number B10 C44 G15 Direct labor ($7/hour) $ 54,000 ? $ 20,000 Direct materials 62,000 81,000 ? Overhead applied ? 45,750 16,000 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed and remain in Work-in-Process at the cost of $348,650 at the end of the month. Actual factory overhead costs during the month totaled $68,500. Required: 1. What is the predetermined factory overhead rate? 2. Compute the amount of underapplied or overapplied overhead for February.
Business
1 answer:
Kazeer [188]3 years ago
4 0

Answer:

(a)

For Job G15:

Direct labor = $20,000

Overhead applied = 16,000

Overhead rate = \frac{16,000}{20,000}\times 100

                         = 0.8 × 100

                         = 80%

Overhead applied = Direct labor × 80%

                         = $20,000 × 80%

                         = $16,000

Overhead is applied on direct labor. Hence, rate is 80%.

Overhead for Job B10 = Direct labor × 80%

                                     = $54,000  × 80%

                                     = $43,200

Therefore,

Total overhead applied = $43,200 + 45,750 + 16,000

                                        = $104,950

(b) Hence,

Overapplied overhead for February:

= Total overhead applied - Actual Overhead

= $104,950 - $68,500

= $36,450

You might be interested in
Assume it costs Lady Marion Seafood, Inc. $30 to each catch, process, freeze, package, and ship 5 pound packages of Alaskan Salm
saul85 [17]

Answer:

Standard markup pricing

Explanation:

Standard markup is a quick and easy way to find out how much you pay for your goods or services.

After calculating the actual cost of the product, the seller or business owner adds a percentage of the actual cost of the product to arrive at its selling price.

so here

Actual cost =  $30  

Markup =  60% of actual cost

Markup  = 0.6 × $30

Markup  = $18

so selling price is

selling price = $(30 + 18)

selling price = $48

4 0
3 years ago
The difference between a financial aid package and total cost of collage can be made up by ______.
Gennadij [26K]
Personal savings and student loans
6 0
2 years ago
Read 2 more answers
A ________ produces goods in advance of customer demand using a forecast of sales and moves them through the supply chain to poi
adoni [48]

Answer:

C.) Push System.

Explanation:

3 0
3 years ago
Although a consumer may be happy with your company’s product/service, they will not hesitate to switch if another company provid
vesna_86 [32]

Answer:

delight

Explanation:

Consumer satisfaction refers to the level of happiness that a customer derives from the consumption or use of any product or service. The information related to the customer satisfaction is derived from the surveys and ratings. These information helps in the betterment and improvement of the product and services.  

Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.

4 0
2 years ago
What do we call computerized machine that allows Bank customers to perform transitions​
vova2212 [387]

Answer:

I think it is Automated teller machine

3 0
2 years ago
Read 2 more answers
Other questions:
  • The following exercise will help you identify how business owners function within the different stages of retailing. The wheel o
    8·1 answer
  • The following information pertains to Wald Corp.'s operations for the current year: Worldwide taxable income $300,000 U.S. sourc
    5·1 answer
  • Throughout the process of establishing its strategy, Acer’s leadership has monitored the strategies of HP and other PC manufactu
    8·1 answer
  • BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al
    6·1 answer
  • If interest rates fall in the USA relative to the rest of the world the demand for US dollar will ________ because there is less
    12·1 answer
  • How can a country experience economic growth?
    13·1 answer
  • g An equity issue sold to the firm's existing stockholders is called a Group of answer choices private placement Rights offer ge
    14·1 answer
  • Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
    12·1 answer
  • Is the state of matter with the highest temperature
    6·1 answer
  • Reporting revenues only when cash is received and expenses only when cash is paid is called the basis of accounting. True or fal
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!