Allocating overhead using a predetermined overhead rate

This problem reviews allocating overhead using a predetermined overhead rate. Terms such as budgeted overhead, applied overhead and actual overhead are discussed. The problem works through determination of the predetermined overhead rate, applying the rate and calculating the variance. For more help with accounting, please visit my website AccountingInFocus.com.

Пікірлер: 48

  • @LucaVallarelli
    @LucaVallarelli3 жыл бұрын

    Congrats and thanks Kristin. Very clear video with evergreen concepts

  • @40sharin
    @40sharin6 жыл бұрын

    Thank you Kristin your explanation is clear, simple and straight forward. You make learning easy and I do appreciate it. Kudos!

  • @dafae.
    @dafae.2 жыл бұрын

    Thank you for the easy explanation! Had a quiz today with overhead allocation and this video saved me.

  • @gracenambeye784
    @gracenambeye7845 жыл бұрын

    I love how you take your time to explain everything ❤❤thank you so much

  • @emmanuelakena5365
    @emmanuelakena53652 жыл бұрын

    You have the most calming voice! Almost forgot how much trouble this was giving me😅.

  • @flameshoter6
    @flameshoter66 жыл бұрын

    Thank you. This clarifies a lot for me. I was given a similar homework assignment to this. And it was just confusing me. I don't get taught how to do this in my class.... I kind of have to figure everything on my own. The terms that the textbook uses is allocation for the base (such as direct labor hours). And uses the terms under or over allocated instead of applied.

  • @Joy04692
    @Joy046927 жыл бұрын

    it's very helpful. Thank you so much Kristin

  • @hhz6551
    @hhz65515 жыл бұрын

    ... and you are a great teacher

  • @jonathanfrancois7054
    @jonathanfrancois70545 жыл бұрын

    Explained to my standards thanks

  • @hhz6551
    @hhz65515 жыл бұрын

    Thank you so much Madam it helped alot

  • @capeunit2631
    @capeunit26312 жыл бұрын

    Thank you so much!!

  • @ANA-db9yn
    @ANA-db9yn

    YOU ARE SO BEAUTIFUL AND VERY AFFECTING VOICE ❤

  • @feltonkaonga
    @feltonkaonga

    Thank you❤❤

  • @lakeishaweaks3222
    @lakeishaweaks3222

    Great video.....I am a current Accounting student and want to ask you a quick question regarding another name for "ACTUAL"......can this term also mean "Cost of Goods Sold"??

  • @shanjitapaul691
    @shanjitapaul6914 жыл бұрын

    I like it. thanks a lot.

  • @msss126
    @msss1267 жыл бұрын

    very helpful. thanks. but shouldn't the account debited and credited at the end be "manufacturing overhead" not cogs?

  • @allentian3009
    @allentian30093 жыл бұрын

    really helpful and clear delivery and could you teach me how to write an adjustment journal for the underapplied cogs in your example? that likes - Dr. Cost of goods sold - manufacturing overhead, 57,410 Cr. xxx?

  • @joyceloke7052
    @joyceloke70525 жыл бұрын

    Hey Kristin, I ran into a question on my homework: "How much of any underapplied or overapplied overhead would have been due to the fact that the estimated overhead costs were different from the actual?"

  • @mykolakhorkavyi6804
    @mykolakhorkavyi68042 жыл бұрын

    Isn't this supposed to be overhead account on B/S and once applied reallocated to WIP? You are showing that applied overhead is expensed immediately to COGS?

  • @kalkhaldi80
    @kalkhaldi807 жыл бұрын

    I know this is three years later, but can I ask something?