The Thomlin Company forecasts that total overhead for the current year will be $11,571,000 with 171,000 total machine hours. Year to date, the actual overhead is $7,770,000 and the actual machine hours are 87,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
The Thomlin Company forecasts that total overhead for the current year will be $11,571,000 with 171,000 total machine hours. Year to date, the actual overhead is $7,770,000 and the actual machine hours are 87,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter18: Activity-based Costing
Section: Chapter Questions
Problem 2PA: The management of Gwinnett County Chrome Company, described in Problem 1A, now plans to use the...
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The Thomlin Company forecasts that total overhead for the current year will be $11,571,000 with 171,000 total machine hours. Year to date, the actual overhead is $7,770,000 and the actual machine hours are 87,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is
Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
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