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Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?
They must predict overhead in advance and assign it to jobs so that a job's total costs can be estimated prior to its completion. This estimated cost is useful for managers in many decisions including setting prices and identifying costs that are out of control.
Applied overhead vs actual overhead?
APPLIED Overhead is computed using the predetermined overhead rate and is the amount of costs applied (or estimated) to be allocated (needed) for specific jobs. ACTUAL Overhead is found after the manufacturing process is complete which gives the actual amount of used/consumed resources (or total costs) that it needed to complete the job. The two amounts can then be compared afterward which is known as Under- or Overapplied Manufacturing Overhead. When Manufacturing Overhead has a DEBIT balance, overhead is said to be UNDERAPPLIED, meaning that the overhead applied to work in process or to the certain job is LESS than the overhead incurred. On the contrary, when manufacturing overhead has a CREDIT balance, overhead is OVERAPPLIED, meaning that the overhead assigned to work in process or to the certain job is GREATER than the overhead incurred.
Why do companies use a predetermined overhead rate rather than actual overhead costs to apply overhead to jobs?
because they have no life, also they predetmined pigs
What is the predetermined manufacturing overhead rate?
The cost of the direct materials that can be used to manufacture the table are as follows. These cost are on a per unit basis. Table Top $ 1,700.00 Table Leg $ 500.00 Drawer $ 370.00 Assume a $35 per hour wage rate to the assembly employees. The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 12 direct labor hours worked during the month. The estimated manufacturing overhead cost for the month is: a. Factory supervisor salary per month $ 3,500.00 b. Rent for the factory per month $ 1,300.00 c. Depreciation of factory equipment per month $ 600.00 Total Estimated manufacturing overhead $ 5,400.00
In job cost systems manufacturing overhead is an indirect cost of jobs yes or no and A Necessary Element in Production yes or no?
Yes to both.
Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?
They must predict overhead in advance and assign it to jobs so that a job's total costs can be estimated prior to its completion. This estimated cost is useful for managers in many decisions including setting prices and identifying costs that are out of control.
In the 1984 novel were people assigned jobs?
This is not elaborated on in Nineteen Eighty-Four, however, it is certainly likely that jobs were assigned by The Party.
Applied overhead vs actual overhead?
APPLIED Overhead is computed using the predetermined overhead rate and is the amount of costs applied (or estimated) to be allocated (needed) for specific jobs. ACTUAL Overhead is found after the manufacturing process is complete which gives the actual amount of used/consumed resources (or total costs) that it needed to complete the job. The two amounts can then be compared afterward which is known as Under- or Overapplied Manufacturing Overhead. When Manufacturing Overhead has a DEBIT balance, overhead is said to be UNDERAPPLIED, meaning that the overhead applied to work in process or to the certain job is LESS than the overhead incurred. On the contrary, when manufacturing overhead has a CREDIT balance, overhead is OVERAPPLIED, meaning that the overhead assigned to work in process or to the certain job is GREATER than the overhead incurred.
What are a list of jobs assigned during the ceremony of twelve the giver?
Some jobs assigned during the Ceremony of Twelve in "The Giver" include Nurturer, Doctor, Engineer, Caretaker of the Old, Food Production Worker, Teacher, and more. Each assignment is based on the individual's traits and interests as determined by the community's Elders.
When is the Predetermined overhead rate usually calculated?
The predetermined overhead rate used to apply overhead to finished jobs is determined before the period begins.
Why do companies use a predetermined overhead rate rather than actual overhead costs to apply overhead to jobs?
because they have no life, also they predetmined pigs
What do people that work at Walmart do?
Hopefully they do the jobs that they were assigned to do.
What jobs can uneducated people get?
my best guess is factory jobs and fast food jobs
What jobs were assigned to the indians at Santa Cruz mission?
Farming, harvesting, cooking, baking, and building. Most of the same jobs are assigned for very worker on every mission. -same jobs for all 21 missions
Are factory jobs on the decline?
With the economy in a recession, factory jobs are on the decline. Detroit has been hit hard with the loss of automotive factory jobs. Also, airplane manufacturing has slowed down. Other jobs have been affected too. For more information go to the website mjperry.blogspot.com/.../manufacturing-jobs-as-percent-of-total.html.
Why were most factory jobs filled by immigrants?
because a lot of people do not have jobs
What jobs are available in the production services industry?
"There are all kinds of jobs available in the production field. Mainly they are assembly or factory jobs, if you live near a town that has a large factory, you could apply there."
