Question Details

Acme Company used a predetermined overhead rate 



1. Manufacturing overhead was estimated to be $200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $215,000, actual labor hours were 21,000. The predetermined overhead rate would be 
A. $10.00
B. $1.05
C. $10.75
D. $10.24
2. Manufacturing overhead was estimated to be $200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $215,000, actual labor hours were 21,000. The amount of manufacturing overhead applied to production would be 
A. $200,000
B. $215,000
C. $210,000
D. $225,750
3. Manufacturing overhead was estimated to be $250,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $225,000, actual direct labor hours were 19,000. The predetermined overhead rate would be 
A. $11.25
B. $12.50
C. $11.84
D. $13.16
4. Manufacturing overhead was estimated to be $250,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $225,000, actual direct labor hours were 19,000. The amount of manufacturing overhead applied to production would be 
A. $250,000
B. $225,000
C. $213,750
D. $237,500 
5. Acme Company had the following information for the year:
  
Direct materials used		$110,000
Direct labor incurred (5,000 hours)	$150,000
Actual manufacturing overhead incurred 	$166,000

Acme Company used a predetermined overhead rate of $35 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year? 
A. $110,000
B. $150,000
C. $166,000
D. $175,000




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