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Home / Questions / To follow is selected financial data from Harmon Manufacturing for the most recent year.

To follow is selected financial data from Harmon Manufacturing for the most recent year.

To follow is selected financial data from Harmon Manufacturing for the most recent year.

Ending raw materials inventory

$19,000

Ending work in process inventory

$42,000

Ending finished goods inventory

$54,100

Amount of underallocated manufacturing overhead

$3,100

Cost of goods sold for year

$81,000

Cost of raw materials purchased during year

$45,300

Cost of direct materials requisitioned during year

$41,700

Cost of indirect materials requisitioned during year

$7,100

Cost of goods completed during year

$110,000

Manufacturing overhead allocated

$60,000

Manufacturing overhead % of direct labor cost

125%

 

What is the actual manufacturing overhead?

A) $56,900

B) $63,100

C) $3,100

D) $60,000

52) Sable Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year:

Estimated direct labor cost

$500,000

Actual direct labor cost

$450,000

Estimated manufacturing overhead costs

$400,000

Actual manufacturing overhead costs

$350,000

Estimated direct labor hours

250,000

Actual direct labor hours

245,000

 

If Sable Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead rate be?

A) 70%

B) 80%

C) 89%

D) 78%

53) Sable Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year:

Estimated direct labor cost

$500,000

Actual direct labor cost

$450,000

Estimated manufacturing overhead costs

$400,000

Actual manufacturing overhead costs

$350,000

Estimated direct labor hours

250,000

Actual direct labor hours

245,000

 

If Sable Company uses direct labor hours as the allocation base, what would the predetermined manufacturing overhead rate be?

A) $1.60 per direct labor hour

B) $1.40 per direct labor hour

C) $1.43 per direct labor hour

D) $1.63 per direct labor hour

54) Sable Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year:

Estimated direct labor cost

$500,000

Actual direct labor cost

$450,000

Estimated manufacturing overhead costs

$400,000

Actual manufacturing overhead costs

$350,000

Estimated direct labor hours

250,000

Actual direct labor hours

245,000

 

If Sable Company uses direct labor cost as the allocation base, what would the allocated manufacturing overhead be for the year?

A) $642,857

B) $360,000

C) $315,000

D) $400,000

80% x $450,000 = $360,000

55) Sable Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year:

Estimated direct labor cost

$500,000

Actual direct labor cost

$450,000

Estimated manufacturing overhead costs

$400,000

Actual manufacturing overhead costs

$350,000

Estimated direct labor hours

250,000

Actual direct labor hours

245,000

 

If Sable Company uses direct labor hours as the allocation base, what would the allocated manufacturing overhead be for the year?

A) $400,000

B) $350,000

C) $343,000

D) $392,000

56) Cabaret Corporation had actual manufacturing overhead costs for the most recent year of $27,500. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $1.75 per direct labor hour. Direct labor cost is $18 per hour. At the end of the year, Cabaret Corporation found it had overallocated manufacturing overhead by $1,000. How much manufacturing overhead was allocated in total during the year?

A) $28,500

B) $26,500

C) $27,500

D) $1,000

57) Cabaret Corporation had actual manufacturing overhead costs for the most recent year of $27,500. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $1.75 per direct labor hour. Direct labor cost is $18 per hour. At the end of the year, Cabaret Corporation found it had overallocated manufacturing overhead by $1,000. How many direct labor hours were worked in total during the year?

A) 571

B) 15,143

C) 16,286

D) 15,714

Dec 07 2019 View more View Less

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