Calculate over applied overhead for last year, Cost Accounting

Assignment Help:

The following information relates to Araceli Manufacturing Company:

total estimated manufacturing overhead cost at beginning of year $864,000
predetermined overhead rate (based on machine hours) $7.20 per hour
total manufacturing cost incurred during the year $885,000
total machine hours incurred during the year 118,000 hour
What was Araceli's under applied or over applied overhead for last year?

 


Related Discussions:- Calculate over applied overhead for last year

What is the free cash flow for master designs, Master Designs Company has c...

Master Designs Company has cash flows for operating activities of $350,000. Cash flows used for investments in property, plant, and equipment totaled $65,000, of which 70% of this

Materials purchased, The Clash Company uses Normal Job-Order Costing in its...

The Clash Company uses Normal Job-Order Costing in its individual production department.  Overhead is applied to jobs by a predetermined rate, which is depend on machine hours.  Th

Direct materials budget, Direct Materials Budget This budget implies t...

Direct Materials Budget This budget implies the estimated quantities and costs of every the raw materials and components desired for the output demand by the production budget

Estimate finished goods cost of goods sold , ln an attempt to conceal a the...

ln an attempt to conceal a thefi of funds, Kaito Kid, controller of Shinichi Products, lnc. placed a bomb in the company s record vault. The ensuing explosion left only fragments o

Calculate the cost of direct material used during the period, A company add...

A company adds overhead costs to jobs at the rate of $8 per direct labor hour. It accumulates overhead costs in a seperate manufacturing overhead account and uses normal costing to

Calculate the manufacturing cost per unit, the following activities relatin...

the following activities relating to indirect production costs: Activity Activity Costs Cost Drivers Machine Setup $180,000 1,500 setup hours Materials Handling $50,000 12,500 poun

Prepare the journal entries to record declaration, Unrecaptured Sec. 1250 G...

Unrecaptured Sec. 1250 Gain and 1231. Mr. Briggs purchased an apartment complex on January 10, 2011, for $2 million with 10% of the price allocated to land. He sells the complex on

Find the weighted average cost of capital, PrivateJets (PJ) is considering ...

PrivateJets (PJ) is considering expanding its operations in the corporate travel market. Currently, PJ has a capital structure with a 25% debt-equity ratio. Their levered equity

Cost audit, what is cost audit? types of cost audit explain

what is cost audit? types of cost audit explain

Estimate the appraisal, The Smiths decided to convert Ron's home into a fur...

The Smiths decided to convert Ron's home into a furnished rental house. After several minor repairs (touching up the paint, replacing screens, pressure-washing), the property was a

Write Your Message!

Captcha
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