Winston Company estimates that the factory overhead for the following year will be $1,233,800. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,800 hours. The total machine hours for the year were 54,500. The actual facto overhead for the year was $1,679,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. b. Compute the over- or underapplied amount for the year. Enter the amount as a positive number. 2$4 c. Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave blank. Cost of Goods Sold Factory Overhead

Cavy Company estimates that the factory overhead for the following year will be $2,829,000. The company has determined that the basis for applying factory overhead will be machine hours, which is estimated to be 34,500 hours. There are 4,690 machine hours for all of the jobs in the month of April. What amount will be applied to all of the jobs for the month of April?

Pocono Cement Forms expects $700,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 50,000 or its expected machine hours of 25,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,560 in direct material cost, 102 direct labor hours, and 85 machine hours. Wages are paid at $15 per hour.   Labor Hours Machine Hours Cost of the job $ $

At the beginning of the year, Vaughn Manufacturing estimates annual overhead costs to be $2400000 and that 500000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 295000 hours is $1416000. $4067797. $1680000. O $2400000.

Stuart Corporation expects to incur indirect overhead costs of $102,000 per month and direct manufacturing costs of $13 per unit. The expected production activity for the first four months of the year are as follows. Estimated production in units Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each month using the overhead rate computed in Requirement a. c. Calculate the total cost per unit for each month using the overhead allocated in Requirement b. Required A Required B Complete this question by entering your answers in the tabs below. January February March 4,500 8,200 5,000 Required C Predetermined overhead rate $ Answer is complete but not entirely correct. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. April 6,300 4 X per unit Required A Required B >

Kingsley Products estimated that direct labor for the year would be 64,000 hours. The company also estimated that the fixed overhead cost for the year would be $160,000. They further estimated the variable overhead cost to be $4.00 per direct labor-hour. All overhead at Kingsley Products is applied on the basis of direct labor-hours. During the year, fixed overhead costs were exactly as planned ($160,000). Variable overhead was incurred at $4.50 per direct labor-hour. Underapplied overhead for the year was calculated as $18,000. Required: How many direct labor-hours were worked during the period?

Winston Company estimates that total factory overhead for the following year will be $1,347,500. The company has decided that the basis for applying factory overhead should be machine hours, which are estimated to be 38,500 hours. The actual total machine hours for the year were 54,300 hours. The actual factory overhead for the year was $1,927,000. Enter the amount as a positive number. a. Determine the total factory overhead applied. Round to the nearest dollar. b. Compute the over- or underapplied factory overhead for the year. c. Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank.

Winston Company estimates that total factory overhead for the following year will be $880,400. The company has decided that the basis for applying factory overhead should be machine hours, which are estimated to be 28,400 hours. The actual total machine hours for the year were 54,800 hours. The actual factory overhead for the year was $1,723,000. Enter the amount as a positive number. Question Content Area a.  Determine the total factory overhead applied. Round to the nearest dollar.fill in the blank  b.  Compute the over- or underapplied factory overhead for the year.fill in the blank     c.   Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank.     Debit Credit   Cost of goods sold       Factory Overhead

he Thomlin Company forecasts that total overhead for the current year will be $11,385,000 with 164,000 total machine hours. Year to date, the actual overhead is $7,616,000 and the actual machine hours are 93,000 hours. If the 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 Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

Cavy Company estimates that the factory overhead for the following year will be $1,066,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 41,000 hours. The machine hours for the month of April for all of the jobs were 5,400. Journalize the entry to record the factory overhead applied in April. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead