Vaibh Convert Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production.At the beginning of the year, Hallett Company estimated the following:Cutting Department Sewing DepartmentOverhead$245,000Direct labor hours31,200Machine hours150,000150,000Assume that Hallett has decided to use a plantwide overhead rate based on direct labor hours. Actual data for the month of June are as followsCutting DepartmentSewing Department$35,7508,600OverheadDirect labor hoursMachine hoursRequired:$20,6102,00013,640$350,000100,000Total$595,000131,200Total$56,36011,40013,6401. Calculate the predetermined plantwide overhead rate. Round your answer to the nearest centper direct labor hour3. Calculate the overhead variance for the month of June.2. Calculate the overhead applied to production for the month of June. Use an overhead application rate that is rounded to the nearest cent in your calculations, and roundyour final answer to the nearest dollar

The pre-determined overhead rate is calculated as the estimated overhead costs divided by the…

Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department $245,000 $350,000 100,000 Overhead $595,000 Direct labor hours 31,200 131,200 Machine hours 150,000 150,000 Assume that Hallett has decided to use a plantwide overhead rate based on direct labor hours. Actual data for the month of June are as follows Cutting Department Sewing Department Overhead Direct labor hours Machine hours Total $20,610 2,000 13,640 $35,750 8,600 Total $56,360 11,400 13,640

Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department $245,000 $350,000 100,000 Overhead $595,000 Direct labor hours 31,200 131,200 Machine hours 150,000 150,000 Assume that Hallett has decided to use a plantwide overhead rate based on direct labor hours. Actual data for the month of June are as follows Cutting Department Sewing Department Overhead Direct labor hours Machine hours Total $20,610 2,000 13,640 $35,750 8,600 Total $56,360 11,400 13,640

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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