Manufacturing overhead rate-overapplied overhead

Assignment Help Accounting Basics

Reference no: EM13259601

Renteria Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $305,000 for the year, and machine usage is estimated at 125,000 hourse.

For the year, $322,000 of overhead costs are incurred and 130,000 hours are used.

a.) Compute the manufacturing overhead rate for the year.

b.) What is the amount of under- or overapplied overhead at December 31?

c.) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

Reference no: EM13259601

Questions Cloud

Examples of mismatches between teaching and learning styles : Compare the two article how they are similar and how they are different? how do their conclusions compare?

Calculate the average power delivered to the circuit : An AC voltage of the form ?v = 100 sin 1 000t, where ?v is in volts and t is in seconds, is applied to a series RLC circuit. Find the average power delivered to the circuit

How does not decrease the magnitude of transfer function : If we have a transfer function T(s) = |Z(s)|/|P(s)| and we had a pole at s=-500; Then the magnitude would be sqrt(500^2 + w). So how does that not decrease the magnitude of the transfer function at frequencies below 500

Explain how can ethidium ions cause mutations in dna : How can ethidium ions cause mutations in DNA and what type of interactions exists between the DNA and ethidium ions?

Manufacturing overhead rate-overapplied overhead : What is the amount of under- or overapplied overhead at December 31? Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

Appropriate assumptions about cost behavior : For this information, make appropriate assumptions about cost behavior and assume that direct labor costs vary directly with thenumber of units produced. How many units must the company sell inorder to earn a pretax profit of $500,000?

Average to break even each week : How many passengers must each of the 70 one-way flights have on average to break even each week?

Explain what is its solubility under atmospheric conditions : What is its solubility under atmospheric conditions? (The partial pressure of CO2 in air is 0.00055 atm.) Assume that CO2 obeys Henry's law.

Explain what mass of kno3 will crystalize out of solution : what mass of KNO3 will crystalize out of solution if exactly 9.0x10^2g of its saturated solution at 75c is cooled to 25c

User Account

All Pages