Purchase Solution

Estimated overhead

Not what you're looking for?

Ask Custom Question

Dukes Company used a predetermined overhead rate this year of 1.7 per direct labor hour, based on an estimate of 22,000 direct labor hours to be worked during the year. Actual costs and activity during the year were:

Actual manufacturing overhead cost incurred 36,150
Actual direct labor hours worked 20,500

The under- or overapplied overhead for the year was:

1,300 underapplied
2,550 overapplied
2,550 underapplied
1,300 overapplied

Purchase this Solution
Solution Summary

This provides the steps to compute the Estimated overhead

Purchase this Solution
Free BrainMass Quizzes
SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

View More Free Quizzes
Related BrainMass Solutions

  • Applied and estimated overhead

    The estimated overhead rate would be calculated as Estimated overhead rate = Total estimated overhead/Practical capacity Estimted overhead = Estimated overhead rate X Practical capacity = 0.01X800,000,000=$8,000,000 The solution explains how to calculate

  • Four cost-allocation bases that a manufacturing company

    Take an example: The estimated machine hours for a period is 2000 and the estimated overhead is $80000. Predetermined overhead rate = estimated factory overhead/estimated machine hours .Here predetermined rate is =$40.

  • Predetermined overhead rate

    5,842 5,783 6,000 5,900 Answer: 6,000 total estimated overhead = 60,600 predetermined overhead rate for the year = 10.10 per machine-hour Therefore , estimated machine-hours= 60,600/10.10=6000 Calculates the estimated machine-hours on which

  • Overhead overapplied or underapplied

    the actual overhead for March with the estimated overhead for March Estimated Overhead for March= Overhead rate*Direct Labor hours for March =480000/200000*17000 =$40800 Here standard of $40800 is less than Actual overhead of $41000 Hence this

  • Accounting (Manufacturing overhead):

    204004 Accounting (Manufacturing overhead): what are the estimated direct labor hours? At the beginning of the year, manufacturing overhead for the year was estimated to be $477,590.

  • Underapplied overhead

    Estimated March factory overhead = Actual March direct labor hours * Overhead Rate =17000*480000/200000 =$40800 Difference is Actual -Estimated= 41000-40800=$200 As the estimated overhead are less than the actual overhead, thus there is underapplied

  • Overhead Calculation

    The overhead application rate is calculated as below Overhead application rate = Estimated Manufacturing Overhead/Estimated direct labor hours.

  • Predetermined Overhead Rate for Direct Labor Hours

    labor hours is calculated by dividing the estimated overhead amount by the estimated total direct labor hours.

  • Computation of Overhead rate per service request

    281403 Computation of Overhead rate per service request Compute the overhead rate per service request for the maintenance department if estimated overhead costs are $18,290 and the number of estimated service requests is 3,100.

  • Overhead calculations

    The estimated overhead is $800,000.00 The estimated base is $40,000.00 The overhead is applied on direct labor hours Predetermined overhead rate 20 per direct labor hour Department C The estimated overhead is $750,000.00

View More Related Solutions