Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. thomlin company forecasts that total overhead for

Thomlin Company forecasts that total overhead for the current year will be $11,781,000 with 187,000...

50.1K

Verified Solution

Question

Accounting

Thomlin Company forecasts that total overhead for the current year will be $11,781,000 with 187,000 total machine hours. Year to date, the actual overhead is $5,681,600, and the actual machine hours are 84,800 hours. If 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 O a. $408,800 overapplied O b. $339,200 underapplied Oc. $339,200 overapplied O d. $408,800 underapplied
image
Thomlin Company forecasts that total overhead for the current year will be $11,781,000 with 187,000 total machine hours, Year to date, the actual overhead is $5,681,600, and the actual machine hours are 84,800 hours. If Thomlin Company uses a predetermined overheod rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is: a. $408,800 overapplied b. $339,200 underapplied c. \$339.200 overapplied d. $408,800 underapplied

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

Project Risk = Probability of event * Consequences of event Let’s investigate the quantitative risk identified for...

Advance Math
Q

The Developing World and the Developed World i) In what ways is human population ecology similar to...

Biology
Q

What are the possible hazard and risk that may affect the construction?

Civil Engineering
Q

A manufacturer of aluminium cabinets (built-in cabinets in vehicles) delivers 50 cabinets per day to a...

General Management
Q

If the number of births in a population is the same as the number of...

Biology
Q

English A charged parallel plate capacitor is kept in a magnetic field that is perpendicular...

Physics
Q

Find the exact value of csc P in simplest form 2 P 3 13 N

Calculus
Q

Tell if the quotient is zero or undefined 2 Select the correct choice below and...

Algebra
Q

Down Under Products, Limited, of Australia has budgeted sales of its popular boomerang...

Accounting
Q

Assignment 1 1. What do you understand by the concept of Audit and other Assurance...

Accounting
Q

Under absorption costing, a company had the following per unit costs when 10,000 units were...

Accounting
Q

Red Sun Rising just paid a dividend of $2.10 per share. The company said that...

Finance