Carla Vista Company estimates that annual manufacturing overhead costs will be $708,000. Estimated annual operating activity bases are: direct labor cost $542,800, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $709,180 and the actual direct labor cost for the year was $538,080. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Carla Vista applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. (Round predetermined overhead rate to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 1,525.) Predetermined overhead rate Manufacturing overhead applied per direct labor hour

Carla Vista Company estimates that annual manufacturing overhead costs will be $708,000. Estimated annual operating activity bases are: direct labor cost $542,800, direct labor hours 40,000 and machine hours 80,000. The actual manufacturing overhead cost for the year was $709,180 and the actual direct labor cost for the year was $538,080. Actual direct labor hours totaled 39,800 and machine hours totaled 79,000. Carla Vista applies overhead based on direct labor hours. Compute the predetermined overhead rate and determine the amount of manufacturing overhead applied. Determine if overhead is over- or underapplied and the amount. (Round predetermined overhead rate to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 1,525.) Predetermined overhead rate Manufacturing overhead applied per direct labor hour

Name: Dineshbhai b Carla Vista Company estimates that annual manufacturing o
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Dineshbhai b Carla Vista Company estimates that annual manufacturing overhead costs will be $708,000. Estimated annual operating activity basesare: direct labor cost $542,800, direct labor hours 40,000 and machine hours 80,000. The actual manufacturi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What is a fortuitous event? Is there any difference between a fortuitous event and a force majeure?
1 . A n g e l i n e M a e d e l a C r u z h a s j u s t g r a d u a t e d f r o m c o l l e g e a n d n e e d s t o b u y a c a r t o c o m m u t e t o w o r k . S h e e s t im a t e s t h a t s h e ca n a f fo r d t o p a y a b o u t P 1 4 , 5 0 0 . 0 0 p e r m o n t h f o r a l oa n o r l e a s e a n d h a s a b o u t P 2 0 0 , 0 0 0. 0 0 i n s a v i n g s t o u s e f o r a d o w n p a y m e n t . • D e v e l o p a p l a n t o g u i d e h e r t h r o u g h h e r f i r s t c a r - b u y i n g e x p e r i e n c e , i n c l u d i n g r e s e a r c h i n g c a r t y p e , d e c i d i n g w he t h e r t o b u y a n e w o r u s e d c a r , n e g o t i a t i n g t h e p r i c e a n d t e r m s , a n d f i n a n c in g t h e t r a n s a c t i o n 2 . F i n d t h e m o n t h l y m o r t g a g e p a y m e n t s o n t h e…
1 . W h a t a r e t h e r o l e s o f m a n a g e m e n t a n d t h e a u d i t o r i n t h e p r e p a r a t i o n a n d i n t e g r i t y o f t h e f i n a n c i a l s t a t e m e n t s ? 2 . W h y d o s o m e u n q u a l i f i e d o p i n i o n s h a v e e x p l a n a t o r y p a r a g r a p h s ? 3 . W i l l t h e a c c o u n t a n t e x p r e s s a n o p i n i o n o n r e v i e w e d f i n a n c i a l s t a t e m e n t s ? D e s c r i b e t h e a c c o u n t a n t ’ s r e p o r t f o r r e v i e w e d f i n a n c i a l s t a t e m e n t s . 4 . W h y a r e n o t e s t o s t a t e m e n t s n e c e s s a r y ? 5 . W h a t i s t h e r e l a t i o n s h i p b e t w e e n t h e a c c o u n t i n g e q u a t i o n a n d t h e d o u b l e - e n t r y s y s t e m o f r e c o r d i n g t r a n s a c t i o n s ?
A person behaves in such a way that it benefits the maximum number of people and minimize pain. This type of behavior is consistent with which one of the following ethical principle? a. Ethical Relativism b. Fairness principle c. Utilitarianism principle d. Justice principle
instrumental witneses are mandatory in a. holographic wills only b. both notarial and holographic c. not necessary in either d. notarial wills only
Define each of the following terms: Will Estate Intestate Probate laws Trust Inter vivos trust Charitable remainder trust Remainderman Executor Homestead allowance
An expected social behavior from members of a society is called Oa. Norms O b. Information O C. Attitude O d. Behaviour
12. Gates' research was groundbreaking in its focus on: a) The interaction between mind and body b) The role of genetics in intelligence C) The development of personality d) The stages of moral development
What is the meaning of Intestate?
Answer each of the following independent question: a and b
Discuss how ross's condition be made better off without harming rosa
What is Jensen’s alpha?