Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. #8 calculate and use overhead rate selected d

#8 Calculate and Use Overhead Rate Selected data for the...

60.1K

Verified Solution

Question

Accounting

#8
image
image
Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow. Estimated consulting overhead cost for the year $360,000 Estimated direct labor cost for the year (@ $9/hr.) 180,000 Actual manufacturing overhead cost for January 19,500 Actual direct labor cost for January (1,200 hours) 11,000 Assuming that direct labor hours is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. $ 0 per direct labor hour b. Prepare a journal entry that applies consulting overhead for January General Journal Description Debit Credit 0 0 . 0 0 C. By what amount is consulting overhead over- or under applied in January? $ 0 Check Question 8 Not complete Marked out of 10.00 P Flag question Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting $360,000 180,000 19,500 Consulting overhead 11,000 Cost of goods sold . for applying consult e. $ 0 Finished goods inventory Iting overhead for Jan Work in process inventory DEDIC Credit 0 per direct Destion 0 0 C. By what amount is consulting overhead over- or under applied i $ 0 Check

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

Sara Woodyard, age forty-four, plans to retire at age sixty-seven. Her life expectancy, accounting for family...

Finance
Q

2. A Carnot cycle using water as the working fluid operates within the wet region (saturated...

Mechanical Engineering
Q

What are the strengths of CBT's as compared to drug therapy? What are its drawbacks?

Psychology
Q

9 How much heat is necessary to raise the temperatur of 8 kg of water...

Biology
Q

Objective NCERT Phys 7 Unpolarised light of intensity 32 W m passes through three polarisers...

Physics
Q

Express the function below using window and step functions and compute its Laplace transform Ag...

Basic Math
Q

For the polynomial function f x 2x 6x3 answer the parts a through e a...

Algebra
Q

Manor Painting is a commercial interior and exterior painting contractor specializing in commercial...

Accounting
Q

Aisha calculated the area of a piece of paper to be 50.27cm^(2). The actual area...

Accounting
Q

Question 3 Reuben is 54 years old. He is married and has one...

Accounting
Q

Integration of ERM with business activities and processes helps to

Accounting
Q

XYZ Inc. had outstanding 50,000 shares of non-par value common stock, with a stated value...

Accounting