a. What is Alberton Electronics' predetermined VOH rate? Predetermined VOH rate $ per MH b. What is the predetermined FOH rate using practical capacity? Predetermined FOH rate per MH c. What is the predetermined FOH rate using expected capacity? Predetermined FOH rate $ per MH d. During the year, the firm records 110,000 machine hours and $2,710,000 of overhead costs. (1) How much variable overhead is applied? Applied VOH $ (2) How much fixed overhead is applied using the rate found in (b)? Applied FOH $ (3) Calculate the total under- or overapplied overhead for the year using the rate found in (b). Note: Do not use a negative sign with your answer. $ (4) How much fixed overhead is applied using the rate found in (c)? Applied FOH $ (5) Calculate the total under- or overapplied overhead for the year using the rate found in (c). Note: Do not use a negative sign with your answer. A
a. What is Alberton Electronics' predetermined VOH rate? Predetermined VOH rate $ per MH b. What is the predetermined FOH rate using practical capacity? Predetermined FOH rate per MH c. What is the predetermined FOH rate using expected capacity? Predetermined FOH rate $ per MH d. During the year, the firm records 110,000 machine hours and $2,710,000 of overhead costs. (1) How much variable overhead is applied? Applied VOH $ (2) How much fixed overhead is applied using the rate found in (b)? Applied FOH $ (3) Calculate the total under- or overapplied overhead for the year using the rate found in (b). Note: Do not use a negative sign with your answer. $ (4) How much fixed overhead is applied using the rate found in (c)? Applied FOH $ (5) Calculate the total under- or overapplied overhead for the year using the rate found in (c). Note: Do not use a negative sign with your answer. A
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter8: Time Series Analysis And_forecasting
Section: Chapter Questions
Problem 13P: The values of Alabama building contracts (in millions of dollars) for a 12-month period are as...
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Predetermined OH Rates; Capacity Measures
Alberton Electronics makes inexpensive GPS navigation devices and uses a normal cost system that applies overhead based on machine hours. The following current year budgeted data are available:
Variable factory overhead at 100,000 machine hours | $1,250,000 |
Variable factory overhead at 150,000 machine hours | 1,875,000 |
Fixed factory overhead at all levels between 10,000 and 180,000 machine hours | 1,440,000 |
Practical capacity is 180,000 machine hours; expected capacity is two-thirds of practical.
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