The following information pertains to trenton glass works for the year just ended. budgeted direct-labor cost: 70,000 hours (practical

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The following information pertains to Trenton Glass Works for the year just ended:

Budgeted direct-labor cost: 70,000 hours (practical capacity) at $16 per hour
Actual direct-labor cost: 80,000 hours at $17.50 per hour
Budgeted manufacturing overhead: $997,500
Actual selling and administrative expenses: $431,000
Actual manufacturing overhead:
Depreciation: $233,000
Property taxes: $21,000
Indirect labor: $80,000
Supervisory salaries: $200,000
Utilities: $58,000
Insurance: $32,000
Rental of space: $301,000
Indirect material (see data below): $77,000

Indirect material details:
- Beginning inventory, January 1: $47,000
- Purchases during the year: $93,000
- Ending inventory, December 31: $63,000
References: Section break Exercise 3-34 Overapplied or Underapplied Overhead (LO 4, 5)

Required: Compute the firm’s predetermined overhead rate, which is based on direct-labor hours. (Round your answer to two decimal places. Omit the “$” sign in your response.) 
   Predetermined overhead rate: $ per

Required: Calculate the overapplied or underapplied overhead for the year. (Omit the “$” sign in your response.)

Dr. Trever Bauch III · Accepted Answer

Explanation:The computation of the predetermined overhead rate is shown below:Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)= $997,500 ÷ 70,000 hours = $14.25For computing the over applied or under applied overhead, first , we have to compute the actual manufacturing overhead which is shown below:= Depreciation + Property taxes +  Indirect labor + Supervisory salaries +  Utilities +  Insurance + Rental of space + indirect material= $233,000 + $21,000 + $80,000 + $200,000 + $58,000 + $32,000 + $301,000 + $77,000= $1,002,000 Now we have to find the actual overhead which equal to= Actual direct labor-hours × predetermined overhead rate= 80,000 hours × $14.25= $1,140,000So, the overhead equals to= Actual manufacturing overhead – actual overhead= $1,002,000 – $1,140,000= $138,000 over-applied

Anonymous · Answer

answer; private store;

Anonymous · Answer

Combining the emissions released by fossil fuel burning and  the carbon released via land use change, we get a total of 8.7 gt. since the problem states that the oceans “take up” or sequester  2.4 gt carbon  per year, we subtract that value from 8.7 gt, leaving us with 6.3 gt of carbon. since the problem states that 3.4 gt carbon dioxide emissions end up in the atmosphere, the “missing sink” of carbon takes up 2.9 gt, a value we got by subtracting the 3.4 gt amount recorded from the 6.3 gt carbon left available after the oceans sequester the carbon dioxide.

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The following information pertains to trenton glass works for the year just ended. budgeted direct-labor cost: 70,000 hours (practical

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