how do you calculate the amount of the over-or under applied factory overhead?
To calculate under or overapplied overhead, subtract the actual overhead costs from the applied overhead costs. If the actual overhead costs exceed the applied overhead costs, it is overapplied. If the applied overhead costs exceed the actual overhead costs, it is underapplied.
Difference between actual overhead and applied overhead is as follows: Difference = 33451 - 32000 = 1450 Difference of variance will be charged to income statement.
The antonym for overhead is under
It's because the POHR is only an estimate. Both the cost driver and the estimated total manufacturing overhead costs in the ratio are based on past figures. You don't know what it will actually be for the year until the actual costs come in when the year is over. Obviously, the estimate won't exactly equal the actual. When it is over or under applied you must do a correcting journal entry. If overhead were over applied by 30,000 for example, you would debit Manufacturing overhead for the amount and credit COGS
To calculate hire purchase interest, first determine the total cost of the item and the deposit amount. Subtract the deposit from the total cost to find the financed amount. Next, apply the interest rate, typically expressed as an annual percentage rate (APR), to the financed amount over the repayment period to calculate the total interest. Finally, add the interest to the financed amount to determine the total amount payable over the hire purchase term.
You take the amount of shares that a company has (outstanding) and divide it by the amount of income the company made - be it a quarter or over a year.
sale package 10000 so what amount we will calculate in luxury tax & what is the reason
To calculate the total interest paid on your mortgage, you can use the formula: Total Interest Total Payments - Loan Amount. This means you subtract the initial loan amount from the total amount you will pay over the life of the loan. This will give you the total interest paid.
No.
To use the collecting gas over water calculator to determine the amount of gas collected over water, you need to input the volume of gas collected and the temperature and pressure of the gas. The calculator will then calculate the amount of gas collected over water based on these inputs.
Equal monthly amount (over 12 instal) over # days within the specific month
Switches send packets only to the destination node while hubs share data to all connected devices. Throughput is increased with switches because of the lower amount of network overhead and lower amount of packet collisions.