Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. all answers must be rounded hallaway inc. us

all answers must be rounded Hallaway Inc. uses a...

90.2K

Verified Solution

Question

Accounting

all answers must be rounded
image
image
image
Hallaway Inc. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead allocation rate. The following information is available at the beginning of the year: Estimate Estimated factory overhead costs $1,512,000 Estimated machine hours 84,000 On December 31 the following information was available: Job # Job # Description 780 790 Direct materials $15,600 $7,000 Direct labour $11,100 $5,000 Machine hours 170 80 Use the above information to answer the questions which follow. Job 780 was completed in December and the client was billed at cost plus 60%. The price of Job 780 was $ At the end of the year actual machine hours were 77,000; therefore, total overhead applied to all jobs for the year was $ At the end of the year actual factory overhead is $1,391,000. This means that factory overhead is a) Neither over- or under-applied b) Under-applied c) Over-applied The total over- or under-applied factory overhead for the year is $ Enter your answer as a positive number

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

You cut a plasmid with a restriction enzyme that cuts it into three pieces one...

Geometry
1.2K views

5 Find the measure of each arc of OC where AB is a diameter a...

Calculus
1.2K views

Write the equation for ellipse vertices 7 1 17 1 CV 5 7 5 9

Algebra
1.2K views

Write the following number in standard notation.5.722 x 105.722 10=

Accounting
1.2K views

one year after the date of the loan, what is the size of the annual...

Accounting
1.2K views

Please help You are given the following information about the Canadian economy. With every...

Accounting
1.2K views

Required information Skip to question [The following information applies to the questions displayed...

Accounting
1.2K views

Kay company budget overhead cost of $3,813,000 for the next year. The company uses direct...

Accounting
1.2K views

During December, Far West Services makes a $3,400 credit sale. The state sales tax rate...

Accounting
1.2K views

Reformulation for Multi-Year Capitalization of Operating Leases Use the information provided below for...

Finance
1.2K views

Please help me with this assignment :) a. A firms ________ is referred to...

Finance
1.2K views

Three years ago, JKL Co. issued bonds with a 14-year maturity then and at a...