The Thomlin Company forecasts that total overhead for the current year will be $11,485,000 with 176,000 total machine hours. Year to date, the actual overhead is $7,979,000 and the actual machine hours are 89,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$3,071,600 underapplied b.$2,194,000 overapplied c.$3,071,600 overapplied d.$2,194,000 underapplied
Solved
Show answers
More tips
- H Horoscopes, Magic, Divination Is there a 13th Zodiac Sign?...
- H Health and Medicine Want to Lose Weight? Gain Muscle without Damaging Your Health!...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
Answers on questions: Business
- B Business Describe what a financially secure retirement consists of....
- B Business Vandelay Industries stock has a 50% chance of producing a 20% return, a 30% chance of producing a 8% return, and a 20% chance of producing a -21% return. What is Vandelay...
- B Business The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rate of $10.50 per direct labor-hour. The direct...
- B Business Select all the correct answers. What is the result of quality and timeliness of deliverables? 01improved credibility of the project management team. 02increased cost of deliverables.03...
- B Business The laser printer in your home office needs to be replaced. You have been using it to print the normal number of pages that result from notes from your classes and assigned...
- B Business Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company...
- B Business Personal financial planning is the process of creating and achieving financial goals? true or false...
- B Business Merchandise paid for within the discount period for a cash refund was returned. this will be recorded with a a. credit to a liability. b. credit to an asset. c. debit to...
- M Mathematics Find the lump sum amount that could be deposited in a bank account today at 7.3% compounded quarterly to allow $101 withdrawals at the end of each quarter for 6 years. Round...
- M Mathematics PLEASE BRAINLIEST IF IN 2 MiNSThe equations 2 x minus y = negative 2, 3 x + 2 y = 5, 4 x minus y = 2, and 22 x + 10 y = 7 are shown on the graph below. On a coordinate plane,...
Ответ:
Under/over applied overhead= $2,171,244 underallocated
Explanation:
Giving the following information:
The estimated total overhead= $11,485,000
Estimated machine hours= 176,000
Year to date, the actual overhead is $7,979,000 and the actual machine hours are 89,000 hours.
First, we need to calculate the predetermined manufacturing overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 11,485,000/176,000
Predetermined manufacturing overhead rate= $65.25568 per machine-hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 65.25568*89,000= $5,807,756
Finally, we determine the under/over allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 7,979,000 - 5,807,756= $2,171,244 underallocated
Ответ:
?kjkjkjkjkjkjkjjkjkjk
Explanation: