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 $233,000 property taxes 21,000 indirect labor 80,000 supervisory salaries 200,000 utilities 58,000 insurance 32,000 rental of space 301,000 indirect material (see data below) 77,000 indirect material: beginning inventory, january 1 47,000 purchases during the year 93,000 ending inventory, december 31 63,000referencessection breakexercise 3-34 overapplied or underapplied overhead (lo 4, 5)1.value: 0.83 pointsrequired informationexercise 3-34 part 1required: 1. compute the firm’s predetermined overhead rate, which is based on direct-labor hours. (round your answer to 2 decimal places. omit the “$” sign in your response.) predetermined overhead rate $ per 3-34 part 12.value: 0.83 pointsrequired informationexercise 3-34 part 22. calculate the overapplied or underapplied overhead for the year. (omit the “$” sign in your response.)

Major Spinka DVM · 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

Major Spinka DVM · Answer

answer; private store;

Major Spinka DVM · 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.

Prof. Cristobal Welch

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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