Question : 82.Peterson Company estimates that overhead costs for the next year : 1258528

 

82.Peterson Company estimates that overhead costs for the next year will be $6,520,000 for indirect labor and $550,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 140,000 machine hours are planned for this next year, what is the company’s plantwide overhead rate?    

A. $.02147 per machine hour.

B. $50.50 per machine hour.

C. $45.75 per machine hour.

D. $3.9286 per machine hour.

E. $.2545 per machine hour.

83.A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utilities. The company uses machine hours as its overhead allocation base. If 400,000 machine hours are planned for this next year, what is the company’s plantwide overhead rate? (Round to two decimal places)    

A. $0.05 per machine hour.

B. $21.19 per machine hour.

C. $20.80 per machine hour.

D. $0.39 per machine hour.

E. $2.57 per machine hour.

84.The following data relates to Spurrier Company’s estimated amounts for next year. 

Estimated:Department 1Department 2

Manufacturing overhead costs $1,100,000 $3,300,000

Direct labor hours 540,000 DLH790,000 DLH

Machine hours 90,000 MH 24,000 MH

What is the company’s plantwide overhead rate if direct labor hours are the allocation base? (Round to two decimal places)    

A. $3.31 per direct labor hour.

B. $3.43 per direct labor hour.

C. $2.04 per direct labor hour.

D. $.30 per direct labor hour.

E. $.50 per direct labor hour.

85.The following data relates to Black-Out Company’s estimated amounts for next year. 

Estimated:Department 1Department 2

Manufacturing overhead costs $300,000$400,000

Direct labor hours60,000 DLH80,000 DLH

Machine hours1,000 MH 2,000 MH

What is the company’s plantwide overhead rate if machine hours are the allocation base? (Round to two decimal places.)  A. $233.33 per MH

B. $150.00 per MH

C. $100.00 per MH

D. $4.90 per MH

E. $5.00 per MH

86.The following data relates to Patterson Company’s estimated amounts for next year. 

Estimated:Department 1Department 2

Manufacturing overhead costs$50,000 $60,000

Direct labor hours 180,000 DLH200,000 DLH

Machine hours 200,000 MH400,000 MH

What is the company’s plantwide overhead rate if direct labor hours are the allocation base? (Round to two decimal places.)    

A. $3.45 per DLH

B. $5.45 per DLH

C. $0.29 per DLH

D. $0.26 per DLH

E. $0.20 per DLH

87.Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 600,000 units are expected to be produced taking .75 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? 

Estimated:Department 1Department 2

Manufacturing overhead costs$3,107,500$1,520,000

Direct labor hours150,000 DLH250,000 DLH

Machine hours250,000 MH175,000 MH

  

A. $11.57 per unit

 

B. $8.17 per unit

 

C. $5.61 per unit

D. $12.43 per unit

E. $10.89 per unit

88.Red Raider Company uses a plantwide overhead rate with direct labor hours as the allocation base. Next year, 400,000 units are expected to be produced taking .90 direct-labor hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? 

Estimated:Department 1Department 2

Manufacturing overhead costs $2,530,000 $900,000

Direct labor hours168,000 DLH 110,000 DLH

Machine hours30,000 MH 8,000 MH

A. $63.95 per unit

B. $11.11 per unit

C. $15.06 per unit

D. $7.32 per unit

E. $12.34 per unit

89.Western Company allocates $10.00 overhead to each unit produced. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours does the company expect in department 2? 

Estimated:Department 1Department 2

Manufacturing overhead costs$250,000$150,000

Direct labor hours8,000 DLH12,000 DLH

Machine hours15,000 MH? MH

  

A. 33,000 MH

B. 137,500 MH

C. 82,500 MH

D. 88,000 MH

E. 25,000 MH

90.A company allocates $7.50 overhead to each unit produced. The company uses a plantwide overhead rate with direct labor hours as the allocation base. Given the amounts below, how many direct labor hours does the company expect in department 2? 

Estimated:Department 1Department 2

Manufacturing overhead costs$74,358$49,572

Direct labor hours6,610 DLH? DLH

Machine hours700 MH800 MH

  

A. 9,914 DLH

B. 6,612 DLH

C. 3,109 DLH

D. 7,454 DLH

E. 16,254 DLH

91.Gray Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product Q. 

Direct material cost per unit of Q$15

Total estimated manufacturing overhead$100,000

Total cost per unit of Q$60

Total estimated machine hours200,000 MH

Direct labor cost per unit of Q$30

  

A. 50 MH per unit of Q.

 

B. .50 MH per unit of Q.

 

C. .75 MH per unit of Q.

D. 17.5 MH per unit of Q.

E. 30 MH per unit of Q.