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oee [108]
3 years ago
9

Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During

the year, the company actually incurred manufacturing overhead costs of $582,100 and 135,000 direct labor hours were worked. The company estimated that it would incur $525,400 of manufacturing overhead during the year and that 150,400 direct labor hours would be worked. By how much was manufacturing overhead overallocated or underallocated for the year?
Business
1 answer:
Fiesta28 [93]3 years ago
3 0

Answer:

manufacturing overhead underallocated for the year $124,102.4

Explanation:

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

we distribute the expecte rate over the cost dirver

582,100 / 135,000 = 4.3185

150400 x 4.3185 = 649502.4 applied overhead

applied - actual = over or underappied

if actual > applied = underapplied

if actual < applied = overhead

525,400 - 649,502.4 = -124,102.4

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Answer:

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3 0
3 years ago
A fillorkill order will be A. will be cancelled at the end of the trading day if not executed by that time. B. executed immediat
katen-ka-za [31]

Answer:

D) will be cancelled if not immediately executed at the stated price or better.

Explanation:

A Fill-Or-Kill order can be regarded as

an order that is been made in order

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4 0
3 years ago
Myrtle Beach Pro-Shop receives information that requires the company to increase its expectations of uncollectible accounts rece
Lera25 [3.4K]

Answer:

b. Accounts receivables (gross) is reduced

Explanation:

As we know that

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Bad debt expense A/c Dr

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3 0
3 years ago
You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $5
Misha Larkins [42]

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3 years ago
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Effectus [21]

Answer:

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therefore going by the question and the explanation given the best possible answer is C. Per capita GDP

5 0
3 years ago
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