This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Stokes Manufacturing uses a predetermined manufacturing overhead rate to allocate overheadto ... (Read 593 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jan 4, 2020
Stokes Manufacturing uses a predetermined manufacturing overhead rate to allocate overhead
to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following:

Manufacturing overhead costs $280,000
Direct labour cost 850,000
Machine hours  40,000
At the end of the year, the company had actually incurred the following:

Direct labour cost $615,000
Depreciation on manufacturing plant and equipment 245,000
Property taxes on plant 9,250
Sales salaries 12,000
Delivery drivers wages 8,000
Plant janitors wages  5,500
Machine hours 28,500 hours

Required:
1. Compute Stokes' predetermined overhead rate.
2. How much manufacturing overhead was allocated to jobs during the year?
3. How much manufacturing overhead was incurred during the year?
4. Is manufacturing overhead over allocated or under allocated at the end of the year and by how much?
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on Jan 4, 2020

bblaney

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


StephanieK09

  • Newbie
  • *
  • Posts: 3
Reply #2 on: Jan 30, 2020
Thank you!


Hoàng Hoàng

  • Newbie
  • *
  • Posts: 3
Reply #3 on: Dec 10, 2020
Thank You


« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
Chimpanzees in the Gombe National Park, Tanzania groom each other by holding an overhead branch with Chimpanzees in the Gombe National Park, Tanzania groom each other by holding an overhead branch with
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library