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marshall27 [118]
3 years ago
9

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that fa

ctory overhead costs would be $360,000 and direct labor hours would be 30,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct labor hours were 36,000. The entry to apply the factory overhead costs for the year would include a:
a. debit to factory overhead for $360,000.

b. credit to factory overhead for $432,000.

c. debit to factory overhead for $377,200.

d. credit to factory overhead for $360,000.
Business
1 answer:
melomori [17]3 years ago
5 0

Answer:

b. credit to factory overhead for $432,000.

Explanation:

Before recording the factory overhead costs  we need to do the calculations which are shown below:

For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated factory overhead) ÷ (estimated direct labor-hours)

= $360,000 ÷ 30,000 hours

= $12

Now we have to find the actual overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 36,000 hours × $12

= $432,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $377,200- $432,000

= $54,800 under-applied

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Answer:

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1 year ago
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning
wolverine [178]

Answer:

$6.7 per direct labor hour

Explanation:

Given:

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variable manufacturing overhead = $2.00 per direct labor-hour

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Actual total direct labor = 21,000 hours

Now,

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And,

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or

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or

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4 0
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Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frown
-BARSIC- [3]

Answer: ethical

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