# Young Foundry in Youngstown, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual...

Young Foundry in Youngstown, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the costs.) Requirements 1. Compute Young's predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the vear? By how much? 4. Were the jobs overcosted or undercosted? By how much? i Data Table Requirement 1. Compute Young's predetermined manufacturing overhead rate. Determine the formula to calculate the predetermined overhead rate, then calculate the rate = Prede Manufacturing overhead costs ..........$Direct labor cost .......................$ Machine hours 580,000 1,450,000 EEEEEEEEEEEE.. 72,500 At the end of the year, the company had actually incurred the following: .......$1,190,000 Direct labor cost ......... Depreciation on manufacturing plant and equipment Property taxes on plant. ... Sales salaries Choose from any drop-down list and then click Check Answer. 500,000 19,000 25,500 14,000 8,000 55,500 hours Delivery drivers' wages...... 5 parts remaining Clear All Plant janitors' wages.. Machine hours ........ ## Answers #### Similar Solved Questions 1 answer ##### The alkene shown below reacts with meta-chloroperbenzoic acid (MCPBA) in tetranyarului DIL VICITU LIIC TOUTUMU describe... The alkene shown below reacts with meta-chloroperbenzoic acid (MCPBA) in tetranyarului DIL VICITU LIIC TOUTUMU describe the reaction products? = = оооо = =... 1 answer ##### Essay 1. Explain how the equilibrium potential for potassium is generated. (5 pts) Essay 1. Explain how the equilibrium potential for potassium is generated. (5 pts)... 1 answer ##### Mech Design PROBLEM 1 (50 points) A bolt with a nut is used to clamp together... Mech Design PROBLEM 1 (50 points) A bolt with a nut is used to clamp together a 1-in cast-iron plate and a 2-in steel plate. The bolt is in-13 UNC. (a) Determine a suitable length for the bolt, rounded up to the nearest in. (b) Determine the bolt stiffness. (c) Determine the stiffness of the membe... 1 answer ##### I need help with this C++ assignment. Create a program which will implement the sum of... I need help with this C++ assignment. Create a program which will implement the sum of the numbers between 1 and n where n is an integer. When completed, the program will allow the user to input a positive integer (n) then the program will add all numbers between 1 and n (including n) and output the... 1 answer ##### The United States of America is the 7th wealthiest nation in the world, whereas China is... The United States of America is the 7th wealthiest nation in the world, whereas China is the 90th most wealthy. Despite the difference in wealth, both countries have similar mortality rates from cardiovascular disease. Discuss three factors, aside from wealth, that contribute to these rates being eq... 1 answer ##### Draw the most correct Lewis dot structure for following ion. Predict the geometry & polarity. IF,... Draw the most correct Lewis dot structure for following ion. Predict the geometry & polarity. IF, the... 1 answer ##### 2ί, 4 Ω 3Ω a 6 Ω 2.5A is Is3Ω b Determine/draw the Norton equivalent circuit... 2ί, 4 Ω 3Ω a 6 Ω 2.5A is Is3Ω b Determine/draw the Norton equivalent circuit to terminals ab... 1 answer ##### On January 1, 2018, Brooks Corporation exchanged$1,193,000 fair-value consideration for all of the outstanding voting...
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