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ohaa [14]
3 years ago
13

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 $469,930 and direct labor hours would be 46,993. Actual factory overhead costs incurred were $523,248, and actual direct labor hours were 54,505. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year
Business
1 answer:
daser333 [38]3 years ago
7 0

Answer:

Overapplied overhead= $21,802

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 469,930 / 46,993

Predetermined manufacturing overhead rate= $10 per direct labor hour

<u>Now, we can allocate overhead:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10*54,505

Allocated MOH= $545,050

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 523,248 - 545,050

Overapplied overhead= $21,802

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3 years ago
You wish to retire in 10 years, at which time you want to have accumulated enough money to receive an annual annuity of $13,000
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Answer:

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3 0
3 years ago
In 2016, Sarah (who files as single) had silverware worth $10,000 (basis $6,000) stolen from her home. Sarah's insurance company
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Answer:

C) None of the $5,000 should be included in gross income.

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But during that year, Sarah should have opted for a standard deduction of $6,300 which is higher than her itemized deductions. That means that Sarah didn't claim any deduction for her silverware, so any money received from the insurance company should not be included in her gross income.

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The management of Metro Printers is considering a proposal to replace some existing equip- ment with a new highly efficient lase
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Check attachment

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Answer:

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P(n,r) = 13^{2} \\

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5 0
3 years ago
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