This is the ch.2 form worksheet use this for all problems 1. 33.33 polnts 2. Cha
ID: 2557522 • Letter: T
Question
This is the ch.2 form worksheet use this for all problems
1. 33.33 polnts 2. Change all of the numbers in the data area of your worksheet so that it looks like this: 1 Chapter 2: Applying Exce 3 Data 4 Allocation base 5 Estimated manufacturing overhead cost 6 Estimated total amount of the allocation base $739,500 85,000 machine- hours 7 Actual manufacturing overhead cost 8 Actual total amount of the allocation base $721,900 89,000 machine- hours If your formulas are correct, you should get the correct answers to the following questions. (a) What is the predetermined overhead rate? (Round your answer to 2 decimal places3 etermined overhead per machine hour (b)By how much is the manufacturing overhead underapplied or overapplied? cturing
Explanation / Answer
Answer 2-a and b Computation of predetermined overhead rate Estimated manufacturing overhead cost $739,500.00 Estimated total amount of the allocation base 85000 machine hours Predetermined Overhead rate $8.70 per machine hour Computation of underapplied or overapplied manufacturing overhead Actual Manufacturing Overhead cost $721,900.00 Manufacturing Overhead cost applied to Work in Process during the year Predetermined Overhead rate 8.70 Actual total amount of allocation base 89000 machine hours Manufacturing Overhead applied $774,300.00 Underapplied (overapplied) manufacturing overhead -$52,400.00 Answer 3-a and b Computation of predetermined overhead rate Estimated manufacturing overhead cost $739,500.00 Estimated total amount of the allocation base 87000 machine hours Predetermined Overhead rate $8.50 per machine hour Computation of underapplied or overapplied manufacturing overhead Actual Manufacturing Overhead cost $721,900.00 Manufacturing Overhead cost applied to Work in Process during the year Predetermined Overhead rate 8.50 Actual total amount of allocation base 89000 machine hours Manufacturing Overhead applied $756,500.00 Underapplied (overapplied) manufacturing overhead -$34,600.00 The answer is as under, The change in estimated total amount of allocation base affected the predetermined overhead rate. The change in estimated total amount of allocation base affected the amount of manufacturing overhead applied. Answer 4-a and b Computation of predetermined overhead rate Estimated manufacturing overhead cost $739,500.00 Estimated total amount of the allocation base 85000 machine hours Predetermined Overhead rate $8.70 per machine hour Computation of underapplied or overapplied manufacturing overhead Actual Manufacturing Overhead cost $715,900.00 Manufacturing Overhead cost applied to Work in Process during the year Predetermined Overhead rate 8.70 Actual total amount of allocation base 89000 machine hours Manufacturing Overhead applied $774,300.00 Underapplied (overapplied) manufacturing overhead -$58,400.00 The answer is as under, The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead. Answer - Chapter 2 Computation of predetermined overhead rate Estimated manufacturing overhead cost $300,000.00 Estimated total amount of the allocation base 75000 machine hours Predetermined Overhead rate $4.00 per machine hour Computation of underapplied or overapplied manufacturing overhead Actual Manufacturing Overhead cost $290,000.00 Manufacturing Overhead cost applied to Work in Process during the year Predetermined Overhead rate 4.00 Actual total amount of allocation base 68000 machine hours Manufacturing Overhead applied $272,000.00 Underapplied (overapplied) manufacturing overhead $18,000.00
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