Bronzit Company estimated the following at the beginning of the year:   ​ Assembly Department Testing Department Total Overhead $700,000 $100,000 $800,000 Direct Labor Hours 150,500 40,500 191,000 Machine Hours 37,000 72,000 109,000 ​ Bronzit uses departmental overhead rates. In the assembly department, direct labor hours are used to apply overhead. Machine hours are used to apply overhead in the testing department. Actual data for the month of May is as follows: ​ Assembly Department Testing Department Total Overhead $50,000 $11,000 $61,000 Direct Labor Hours 20,000 2,500 22,500 Machine Hours 3,500 14,000 17,500 ​ ​ Bronzit decides to continue using departmental overhead rates. What are the predetermined rates for the Assembly and Testing departments respectively? (Note: Round to two decimal places.)   a. Assembly: $5.25 per direct labor hour; Testing: $7.33 per machine hour   b. Assembly: $4.65 per direct labor hour; Testing: $1.39 per machine hour   c. Assembly: $2.23 per direct labor hour; Testing: $6.15 per direct labor hour   d. Assembly: $5.12 per machine hour; Testing: $7.22 per machine hour   e. None of these

Sagar

Mountain Peaks applies overhead on the basis of machine hours and reports the following information: Budget Actual $150,000 30,000 Overhead Machine hours Direct materials Direct labor A. What is the predetermined overhead rate? 5✓ per machine hour B. How much overhead was applied during the year? 135,000✔ machine hours $144,000 27,000 $210,000 $350,000 C. Was overhead over- or underapplied, and by what amount? 9,000 ✓ Underapplied Feedback Check My Work Use budgeted amounts to calculate the predetermined overhead rate. The amount is then used to determine the overhead applied (along with ot overapplied. D. What is the journal entry to dispose of the over- or underapplied overhead? If an amount box does not require an entry, leave it blank. Cost of Goods Sold 18 Manufacturing Overhead

Mountain Peaks applies overhead on the basis of machine hours and reports the following information: Budget Actual $150,000 30,000 Overhead Machine hours Direct materials Direct labor $144,000 27,000 $210,000 $350,000 A. What is the predetermined overhead rate? per machine hour B. How much overhead was applied during the year? machine hours C. Was overhead over- or underapplied, and by what amount? Underapplied

Linzee Liners estimates that its manufacturing overhead will be $1,725,000 in Year 1. It further estimates that direct labor costs will amount to $750,000. During March, Linzee worked on four jobs with actual direct labor costs of $35,000 for Job 0301, $22,500 for Job 0302, $32,000 for Job 0303, and $16,000 for Job 0304. Actual manufacturing overhead costs for the year were $1, 710,000. Actual direct labor costs for the year were $735,000. Manufacturing overhead is applied to jobs based on direct labor costs using predetermined rates. The amount of overhead applied in each of the inventory accounts at the end of Year 1 is as follows: Work-in-process inventory $ 33,810 Finished goods inventory $ 270,480 Cost of goods sold $ 1,386, 210 Required: Prepare an entry to allocate the over- or underapplied overhead. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Thomlin Company forecasts that total overhead for the current year will be $11,649,000 with 153,000 total machine hours. Year to date, the actual overhead is $7,535,000 and the actual machine hours are 82,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

Direct labor hours are estimated as 1,800 in Quarter 1; 1,900 in Quarter 2; 1,700 in Quarter 3; and 2,100 in Quarter 4. Indirect material per hour $1.00   Supervisory salaries $18,000 Indirect labor per hour 1.20   Maintenance Salaries 5,000 Maintenance per hour 0.20   Property taxes and insurance 6,000 Utilities per hour 0.50   Depreciation 3,500 Prepare a manufacturing overhead budget using the above overhead information. blankManufacturing Overhead BudgetFor the Year Ending Dec. 31, 2020   Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Variable Costs             $- Select - $- Select - $- Select - $- Select - $- Select -   - Select - - Select - - Select - - Select - - Select -   - Select - - Select - - Select - - Select - - Select -   - Select - - Select - - Select - - Select - - Select - Total Variable Manufacturing Costs $fill in the blank 25 $fill in the blank 26 $fill in the blank 27 $fill in the blank 28 $fill in the blank 29 Fixed Costs…

roduction reports for the third quarter show the following data:   Month Machine hours Direct labour hours Direct materials cost (£) Floor surface (square meters) Actual Overhead (£) July 10,000 44,000 25,000 150 31,200 August 15,000 37,800 21,750 170 47,000 September 13,400 59,500 32,000 210 40,100   Which variable would be the most likely basis for allocating overhead?     a. Machine hours   b. Labour hours   c. Floor surface   d. Direct materials cost

Martin Manufacturing assigns overhead to jobs based on machine hours. At the beginning of the current year, estimated overhead costs were $200,000 and estimated machine hours were 40,000. During the year, 140 machine hours were used on Job 88. By the end of the year, actual overhead costs were calculated to be $202,500 and actual machine hours were 45,000.How much overhead was applied to Job 88 during the year?

A company estimates its manufacturing overhead will be $525,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 42,000 per direct labor hour B. Budgeted direct labor expense: $1,050,000 per direct labor dollar C. Estimated machine hours: 70,000 per machine hour