Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 48,000 actual direct labor-hours and incurred $552,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 46,000 direct labor-hours during the year and incur $506,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
overapplied by $24,000
underapplied by $22,000
underapplied by $24,000
overapplied by $22,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. ...” 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
Rains Company purchased equipment on January 1 at a list price of $125,000, with credit terms 2/10, n/30. Payment was made within the discount period. Rains paid $6,250 sales tax on the equipment, and paid installation charges of $2,200.
Answers (1)
If the inflation rate decreased from 3.33% to 2.90% between October and November, while the nominal interest rate increased from 4.75% to 4.80%, what is the real interest rate in November?
Answers (2)
Bonita Shutters has the following inventory information. Nov. 1 Inventory 60 units @ $9 8 Purchase 130 units @ $6.017 Purchase 80 units @ $7.025 Purchase 80 units @ $8.
Answers (1)
the policy makers pursue a fiscal policy. assume that the marginal propensity to consume is 0.8 and the value of the inflationary gap is $400 billion. should the government increase, decrease, or not change its discretionary spending
Answers (1)
Which of the following companies would have the LEAST bargaining power with its suppliers? a. a company whose products are highly popular and easily available across most supermarkets b.
Answers (1)
New Questions in Business
Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a targeted profit of $3,600, how many units must be sold?
Answers (1)
Using the following information, what is the amount of net income? Purchases $ 33,189 Selling expenses $ 758 Merchandise inventory, September 1 7,436 Merchandise inventory, September 30 8,978 Administrative expenses 760 Sales 51,684 Rent revenue 832
Answers (1)
You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs. O True O False
Answers (1)
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing
Answers (1)
Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells blank - be sure to enter "0" wherever required.) A $25,000 cash gift from her parents.
Answers (1)