How much was manufacturing overhead overallocated

Assignment Help Accounting Basics
Reference no: EM13853048

Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows:

Actual manufacturing overhead cost

$501,000

Estimated manufacturing overhead cost

$550,500

Estimated direct labor cost

$175,800

Estimated direct labor hours

50,300

Actual direct labor hours

60,000

Estimated machine hours

40,000

Actual machine hours

35,200

By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent)
A. $66,148 underallocated

B. $66,148 overallocated

C. $16,648 overallocated

D. $16,648 underallocated

Reference no: EM13853048

Questions Cloud

How will you use your social awareness and emotional percept : How will you use your social awareness and emotional perception skills to be a more effective leader?
Creating an entity-relationship diagram : The next step will be to start on the data design for the TIMS project. This will involve creating an entity-relationship diagram (ERD) after reviewing all the associated entities and considering any interactions between entities. This will also i..
A ternary word is a word formed from the alphabet p : A ternary word is a word formed from the alphabet P = {0, 1, 2}. Considerthe set of all ternary words of length n. If such a word is chosen at random,determine an expression (in terms of n) for the probability that this worddoes not contain the bit p..
Find an equation of the line : Find an equation of the line which passes through the point (1,2,3) and is parallel to the line . (x,y,z) = (1,1,1) +s(4,-1,3)
How much was manufacturing overhead overallocated : By how much was manufacturing overhead overallocated or underallocated for the year?
A cruise ship left hawaii and traveled north : A cruise ship left Hawaii and traveled north at an average speed of 10 km/h. A submarine left two hours later and traveled in the same direction but with an average speed of 14km/h. How long did the cruise ship travel before the submarine caught up?S..
Let x stand for the number of years : There were 5474 CVS Stores in the US in 2005 and 7702 CVS stores in the US in 2013. Write a linear equation in slope-intercept form that models this growth. Let x stand for the number of years after 2005 and let y = the number of CVS stores in the US..
What is interesting or helpful about this view : For each of the three (3) premises (reasons) that oppose your position on the issue, answer these "believing" questions suggested by Elbow:What's interesting or helpful about this view? What would I notice if I believed this view
Customer requirement analysis and advice to the acquisition : Customer Requirement Analysis and Advice to the Acquisition Team

Reviews

Write a Review

Accounting Basics Questions & Answers

  Concept of annual gift tax exclusion

Gordon died on January 1 and by his will left land with an adjusted basis of $60,000 and a FMV of $100,000 to Becky. Becky disclaims the property on December 31 of the year of death, when the land was still worth $100,000. Becky has made a gift (b..

  Your goal is to create a two-security portfolio that will

1.over the period of 1955-2006 long-term government bonds underperformed large corporate stocks. small-company stocks

  Determining affect pre-tax profits

If Primrose could lower its inventories and receivables by 10 percent each and increase its payables by 10 percent, all without affecting either sales or cost of goods sold, what would the new CCC be, how much cash would be freed up, and how would..

  If machine 2 was purchased on april 1 instead of july 1

in recent years farr company has purchased three machines. because of frequent employee turnover in the accounting

  Expected cash receipts from current-prior credit sales

Projected sales for December, January, and February are $60,000, $85,000 and $95,000, respectively. The February expected cash receipts from all current and prior credit sales is:

  Budgeting time and valuing risk management

Justify the time it takes to put together a budget for a human resource project. Support your justification by creating a hypothethical example of a human resource project. Relate specific elements of your example to support your justification.

  Oslo company prepared the following contribution format

oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the

  Which of the following statements about activity-based

which of the following statements about activity-based costing abc is false?a. abc cannot be used by service

  Compute the price-earnings ratio for each of these four

compute the price-earnings ratio for each of these four separate companies. which stock might an analyst like

  Prepare the adjusting entries necessary at december 31 2014

described below are certain transactions of lamar company for 20141.on may 10 the company purchased goods from fox

  Piazza corp has sales of 400000 a contribution margin

piazza corp has sales of 400000 a contribution margin ratio of 30 and a profit of 40000. if 20000 units were sold what

  Joan bought a business machine for 15000 on january 1 2010

joan bought a business machine for 15000 on january 1 2010 and later sold the machine for 12800 when the total

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd