Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000. by 20x1 year-end, actual overhead totaled $525,000, and actual machine hours were 25,000. on the basis of this information, the 20x1 predetermined overhead rate was:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overhead would ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
CWN Company uses a job order costing system and last period incurred $89,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $66,000. It also expects to incur $100,000 of direct labor.
Answers (1)
Cabell Corp. bonds pay an annual coupon rate of 10%. If investors' required rate of return is now 12% on these bonds, they will be priced at A. a premium to par value. B. a discount to par value. C.
Answers (1)
On September 1, Knack Company signed a $50,000, 90-day, 5% note payable with Central Savings Bank. What is the journal entry that should be recorded by Knack upon maturity of the note? A) Debit Interest Expense $625; credit Interest Payable $625.
Answers (1)
What is the meaning of industrialization?
Answers (2)
EB3. LO 6.1A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was $445,000, and there were 50,500 direct labor hours. What is the predetermined overhead rate, and how much was applied during the year?
Answers (1)
New Questions in Business
If profits are positive in the short run in a perfectly competitive industry, which of the following would you NOT expect to happen as the market moves to the long run? A. Each firm will decrease output. B. Profits of each firm will fall. C.
Answers (1)
A surplus means a (n): a. situation where the current market price is too low. b. excess supply of the product at the current price. c. situation where the quantity supplied is less than the quantity demanded. d.
Answers (2)
Brief Exercise 13-05 Pronghorn Inc.'s $11 par value common stock is actively traded at a market price of $14 per share. Pronghorn issues 5,900 shares to purchase land advertised for sale at $77,000.
Answers (1)
A cow has just given birth in a pen. Travis needs to place more straw in the pen, so he hops in the pen and distributes the straw. Are his actions safe? A.) Safe B.) Unsafe
Answers (1)
Which person is responsible for the financial support of the production and, working closely with the director, also contributes to many "directorial" decisions in the production process?
Answers (1)