Home / Questions / Creek Company and Fort Company base their predetermined overhead rates on machine hours Th...
Creek Company and Fort Company base their predetermined overhead rates on machine hours. The following information pertains to the companies’ most recent accounting periods:
Creek Fort
Actual machine hours …………………………………………12,300……. 19,500
Estimated machine hours……………………………………… 12,000……. 20,000
Actual manufacturing overhead costs………………………$143,800…. .$318,000
Estimated manufacturing overhead costs………………….. $144,000…. $320,000
Required
a. Compute the predetermined overhead rate for each company.
b. Determine the amount of overhead cost that would be applied to work in process for each company and compute the amount of over applied or under applied manufacturing overhead cost for each company.
c. Explain how closing the Manufacturing Overhead account would affect the Cost of Goods Sold account for each company.
Apr 04 2020 View more View Less
Robinhood, Interactive Brokers, and Webull Financial restricted trading on GameStop, AMC, and other “meme” stocks, apparently under pressure from the firms that clear the...
Apr 10 2021Which of the following describes how sociology is different from economics?
Jun 01 2021Which of the following species is diamagnetic?(a) O2(b) B2(c) C2(d) N2
Jul 01 2021I need 3 pages minimum (double spaced). Use the three points provided below. Cite all sources. Instructions: The final goal of this project is to produce a marketing plan...
Nov 09 2017our division is considering two investment projects, each of which requires an up-front expenditure of $24 million. You estimate that the cost of capital is 10% and that ...
May 06 2021Insert appropriate commas in the following sentences. Write C if the sentence is correct. Then compare your answers with those belowWe invited Tim Cook not Larry Page to ...
Jul 13 2021Why don’t water source systems have a defrost cycle?
Jun 13 2021Residents of Lake Caliopa, Minnesota, began noticing an unusually high number of lung ailments among the local population. Several concerned citizens pooled their resourc...
Jul 08 2021A preliminary design on the use of a simply supported prismatic timber beam indicated that a beam with a rectangular cross section 50 mm wide and 200 mm deep would be r...
Jun 29 20201)One of the basic motivations behind the Minimum Spanning TreeProblem is the goal of designing a spanning network for a set ofnodes with minimum total cost. Herewe explo...
Apr 18 2020