please answer question no. 25 give me 24. The following fixed overhead data relates to a company that uses machine hours to allocate fixedmanufacturing overhead:ProductionMachine-hoursFixed overhead costsActual41,000 units6,020 hours$125,500What is the amount of fixed overhead allocated to production?A) $117,000.00B) $123,000.00C) $125,500.00D) $128,210.13ProductionMachine-hoursFixed overhead costs25. The following fixed overhead data relates to a company that uses machine hours to allocate fixedmanufacturing overhead:B) $400 unfavorableC) $1,056 favorableD) $1,056 unfavorableStatic Budget39,000 units5,850 hours$117,000Actual53,400 units1,960 hours$86,520What is the fixed overhead spending variance?A) $400 favorableStatic Budget53,000 units2,120 hours$86,920

Name: please answer question no. 25 give me 24. The following fixed overhe
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Description: please answer question no. 25 give me 24. The following fixed overhead data relates to a company that uses machine hours to allocate fixedmanufacturing overhead:ProductionMachine-hoursFixed overhead costsActual41,000 units6,020 hours$125,500What is

Spending cost variance :Difference between the budgeted cost and the actual cost incurred is called…

Business

Accounting

25. The following fixed overhead data relates to a company that uses machine hours to allocate fixed manufacturing overhead: Production Machine-hours Fixed overhead costs Actual 53,400 units 1,960 hours $86,520 What is the fixed overhead spending variance? A) $400 favorable B) $400 unfavorable C) $1,056 favorable D) $1,056 unfavorable Static Budget 53,000 units 2,120 hours $86,920

25. The following fixed overhead data relates to a company that uses machine hours to allocate fixed manufacturing overhead: Production Machine-hours Fixed overhead costs Actual 53,400 units 1,960 hours $86,520 What is the fixed overhead spending variance? A) $400 favorable B) $400 unfavorable C) $1,056 favorable D) $1,056 unfavorable Static Budget 53,000 units 2,120 hours $86,920

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 11EB: A company has the following information relating to its production costs: Compute the actual and...

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If a company bases its predetermined overhead rate on 100,000 machine hours, and It actually has 100,000 machine hours, would there be an under applied or over applied overhead?
A company has the following information relating to its production costs: Compute the actual and applied overhead using the companys predetermined overhead rate of $23.92 per machine hour. Was the overhead over applied or under applied, and by how much?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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The actual overhead for a company is $73,175. Overhead was based on 4,500 machine hours and was $3,325 over applied for the year. What is the overhead application rate per direct labor hour? What is the journal entry to dispose of the under applied overhead?
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Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?
York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?
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18. Production overheads allocated and apportioned to cost centres in a factory for a period, along with additional data, are: Allocated overheads Apportioned overheads Additional data: Number of employees Direct labour hours Machine hours Production Cost Centre - B A $17,628 $38,490- $29,938 $45,841 (a) (b) 14 5,200 1,400 21 2,170 7,460 C $14,671 $28,360 14 4,780 580 Page Service Cost Centre X $3,795 $4,640 7 Y $6,130 $5,750 8 Overheads allocated and apportioned to Service Cost Centre X are re-apportioned on the following basis: Production Cost Centre A 20%, Production Cost Centre B 45%, Production Cost Centre C 35%. Overheads allocated and apportioned to Service Cost Centre Y are re-apportioned on the basis of the number of employees in the other cost centres. Required: Re-apportion the service cost centre overheads. Calculate an overhead absorption rate for each production cost centre. 8 of 9
Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period: Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $1,560,000 applied and $15,000 overapplied $1,600,000 applied and $15,000 overapplied $1,560,000 applied and $15,000 underapplied $1,575,000 applied and neither under- nor overapplied ● An A ♫ $1,600,000 $1,575,000 400,000 W 390,000 D P & E f