Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3. the wallaby factory's budgeted factory overhead

3. The Wallaby Factory's budgeted factory overhead cost for the year is $4,256,000. The estimated...

70.2K

Verified Solution

Question

Accounting

image
3. The Wallaby Factory's budgeted factory overhead cost for the year is $4,256,000. The estimated direct labor cost for fifteen jobs during the year is $15,200,000, and the estimated factory overhead cost applied to production of 2 jobs (Job #11, and Job #12) completed in the month of September was $546,000 a) Calculate Wallaby's Predetermined Factory Overhead Rate based on direct labor cost (round to nearest (00.0%). b) Calculate the direct labor cost incurred to complete Jobs 11 and 12 in September. 4. Mannheim manufacturing company applies factory overhead cost based on an estimated number of machine hours used in production. At the beginning of the year 2019, it estimated that factory overhead costs would be $760,000. Actual factory overhead costs incurred for the year 2019 were 5805,000, and estimated machine hours for the year 2019 were 48,000 machine hours, Mannheim's actual machine hours for the year 2019 were 51,000. Calculate Mannheim's under or over-applied Factory Overhead cost for the year 2019 (round to nearest S1)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Peter wants to sell one of his cars that has a diesel motor to his nephew...

Accounting
Q

Aerobic and anaerobic metabolism:             a. Which is the most effective mode of metabolism and what does...

Medical Sciences
Q

Air flows through this tube at a rate of 1400cm3/s . Assume that air is an...

Physics
Q

Smith Company can produce two types of carpet cleaners, Brighter and Cleaner. Data on these two...

Accounting
Q

5 Select the correct answer Jacob is solving the equation below using successive approximations 2...

Basic Math
Q

Taylor got a box of 24 assorted chocolates as a gift The box contains 15...

Statistics
Q

Find the period y 4 sec 2x Graph the function MUN Miu M N 16...

Calculus
Q

2 If y varies directly as x and y 24 when x 6 find y...

Algebra
Q

1 Approximate the following value using a calculator Round the solution to four decimal places...

Algebra
Q

The management of Furrow Corporation is considering dropping product LO7E. Data from the...

Accounting
Q

The ledger of Tyler Lambert and Jayla Yost, attorneys-at-law, contains the following accounts and balances...

Accounting
Q

The case relates to the sales related to customers and the management has information about...

Accounting