manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturin overhead are given below:Level of activityOverhead costs at the denominator activity level:Variable overhead costFixed overhead costThe following data pertain to operations for the most recent period:Actual hoursStandard hours allowed for the actual outputActual total variable manufacturing overhead costActual total fixed manufacturing overhead cost2,550 DLHs$ 8,600$ 35,1252,700 DLHs2,597 DLHs$ 9,200$ 35,525How much overhead was applied to products during the period to the nearest dollar?Note: Do not round Intermediate calculations.Multiple Cholce$44.125$43.725$44.725$44.531$44.725 A manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturingoverhead are given below.Level of activityOverhead costs at the denominator activity level:Variable overhead costFixed overhead costThe following data pertain to operations for the most recent period:Actual hoursStandard hours allowed for the actual outputActual total variable manufacturing overhead costActual total fixed manufacturing overhead costMultiple Choice$44,125$43,7252,550 DLHSHow much overhead was applied to products during the period to the nearest dollar?Note: Do not round Intermediate calculations.$44,725$8,600$ 35,1252,700 DLHS2,597 DLHS$ 9,200$ 35,525 The following data pertain to operations for the most recent period:Actual hoursStandard hours allowed for the actual outputActual total variable manufacturing overhead costActual total fixed manufacturing overhead costMultiple ChoiceHow much overhead was applied to products during the period to the nearest dollar?Note: Do not round Intermediate calculations.O $44.,125O $43.725$44,7252,700 DLHs2,597 DLHS$44,531$ 9,200$ 35,525

The purpose of applying overhead is to allocate the indirect manufacturing costs to specific…

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Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 11E: Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in...

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manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturin overhead are given below: Level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead cost The following data pertain to operations for the most recent period: Actual hours Standard hours allowed for the actual output Actual total variable manufacturing overhead cost Actual total fixed manufacturing overhead cost 2,550 DLHs $ 8,600 $ 35,125 2,700 DLHs 2,597 DLHs $ 9,200 $ 35,525 How much overhead was applied to products during the period to the nearest dollar? Note: Do not round Intermediate calculations. Multiple Cholce $44.125 $43.725 $44.725 $44.531 $44.725

A manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturing
overhead are given below.
Level of activity
Overhead costs at the denominator activity level:
Variable overhead cost
Fixed overhead cost
The following data pertain to operations for the most recent period:
Actual hours
Standard hours allowed for the actual output
Actual total variable manufacturing overhead cost
Actual total fixed manufacturing overhead cost
Multiple Choice
$44,125
$43,725
2,550 DLHS
How much overhead was applied to products during the period to the nearest dollar?
Note: Do not round Intermediate calculations.
$44,725
$8,600
$ 35,125
2,700 DLHS
2,597 DLHS
$ 9,200
$ 35,525

The following data pertain to operations for the most recent period:
Actual hours
Standard hours allowed for the actual output
Actual total variable manufacturing overhead cost
Actual total fixed manufacturing overhead cost
Multiple Choice
How much overhead was applied to products during the period to the nearest dollar?
Note: Do not round Intermediate calculations.
O $44.,125
O $43.725
$44,725
2,700 DLHs
2,597 DLHS
$44,531
$ 9,200
$ 35,525

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

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