Knowee
Questions
Features
Study Tools

Given the following information:Pairs of shoes expected to be produced 1,950,000Pairs of shoes produced 2,500,000Overhead rate $0.75What is the amount of applied overhead? $1,875,000 $412,500 $1,462,500 $550,000

Question

Given the following information:Pairs of shoes expected to be produced 1,950,000Pairs of shoes produced 2,500,000Overhead rate 0.75Whatistheamountofappliedoverhead?0.75What is the amount of applied overhead? 1,875,000 412,500412,500 1,462,500 $550,000

🧐 Not the exact question you are looking for?Go ask a question

Solution

To calculate the amount of applied overhead, you need to multiply the overhead rate by the number of pairs of shoes produced.

Here are the steps:

  1. Identify the number of pairs of shoes produced: 2,500,000 pairs
  2. Identify the overhead rate: $0.75
  3. Multiply the number of pairs of shoes produced by the overhead rate: 2,500,000 pairs * 0.75=0.75 = 1,875,000

So, the amount of applied overhead is $1,875,000.

This problem has been solved

Similar Questions

Our company manufactures a single product. The production budget indicates that the number of units expected to be produced are 193,000 in October, 201,500 in November, and 198,000 in December. We assign variable overhead at a rate of $0.75 per unit of production. Fixed overhead equals $150,000 per month. Compute the total budgeted overhead that would appear on the factory overhead budget for month of October.Group of answer choices$343,000.$150,000.$144,750.$301,125.$294,750.

A company has over-absorbed fixed production overheads for May 20X8 by $5,000.The month's fixed production overhead absorption rate was $7 per unit. This rate was based on the budgeted output of 5,000 units. The actual production for the month was 4,500 units.What amount of fixed production overheads did the company incur for April 20X8?*2 points$26,500$31,500$35,000$36,500

Use the following information to answer the next question:Estimated manufacturing overhead$520,000Estimated machine hours16,000Actual machine hours worked15,000Actual overhead costs incurred:  Indirect materials$180,000  Indirect labour$135,000  Utilities$ 40,000  Insurance$ 20,000  Rent$150,000If the company uses a predetermined overhead rate to apply overhead, manufacturing overhead applied would be:Question 2Select one:a.$487,500b.$520,000c.$525,000d.$554,667

A company has budgeted total overhead of $10,575 at actual units produced and actual total overhead of $9,775. The controllable variance is:Multiple choice question.$800 U$800 F

57A running shoe manufacturer produces three types of shoes: traditional, minimalist, and spikes.The company uses the following information to determine activity rates for each pool:Cost Pool Costs Total ActivityShoe Production $250,00020,000 pairs of shoesShoe batches $10,000500 batchesShoe design $5,000100 partsTotal $265,000Data concerning the three shoe products appear below:Cost Driver Traditional Minimalist SpikesNumber of pairs of shoes 10,0007,5002,500Number of batches 150250100Number of parts 203050What is the total amount of overhead applied to spikes shoes? $100,250 $35,750 $31,250 $265,000

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.