Homework Answers
| Hourly direct labor cost rate = Direct labor costs/Direct labor hours | |
| =2200000/13750 | |
| 160 | per hour |
| Predetermined overhead allocation rate = Overhead costs/Direct labor costs | |
| 90% | |
| Predicted Cost | |
| Labor cost | 28,800 |
| Overheads | 25,920 |
| Total | 54,720 |
| Bid price | 68,400 |
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ompute ly direct Data Table ad alloca - Х $ Direct labor hours (professionals) Direct labor...
Chance Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites....
Chance Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Andrew Chance prepared the following budget for the year BE: (Click the icon to view the prepared budget.) i (Click the icon to view additional Information.) 0 Data Table Read the requirements. Requirement 1. Compute...
Requirement 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation...
Requirement 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate. Direct labor cost rate per hour i Data Table ]= Now compute White Realtors' (b) predetermined overhead allocation rate. 17,500 hours 2,800,000 $ 1 = = Predetermined overhead allocation rate % Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 310,000 1,810,000 400,000 Requirement 2. Compute the predicted cost of...
Peters Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The com...
Peters Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Lee Peters prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Peters Realtors' (a) hourly direct...
White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites....
White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Kenneth White prepared the following budget for the year Click the icon to view the prepared budget) Read the requirements Requirement 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead...
Jones Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites....
Jones Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sandra Jones prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Jones Realtors' (a) hourly direct...
Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites....
Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Debra Root prepared the following budget for the year: B (Click the icon to view the prepared budget.) i (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Root Realtors' (a)...
skylark design, inc is a web site design and consulting firm Skylark Design, Inc. is a...
skylark design, inc is a web site design and consulting
firm
Skylark Design, Inc. is a Web site design and consulting firm. The firm uses a order costing system in which each client is a different job. Skylark Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Erica...
please answer both questions White Realtors, a real estate consulting firm, specializes in advising companies on...
please answer both questions
White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sanjog White prepared the following budget for the year: (Click the icon to view additional information.) E(Click the icon to view the prepared budget.) Read the requirements. (b) predetermined overhead allocation...
Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Prodetermined when...
Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Prodetermined when í Requirements Compute the predetermined overhead allocation rate per direct labor dollar 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done e from any list or enter any number in the input...
Robin Design, Inc. is a Web site design and consulting firm. The firm uses a job...
Robin Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different job. Robin Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Janie Eaton prepared the following budget estimates: (Click the icon to...
Chance Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Andrew Chance prepared the following budget for the year BE: (Click the icon to view the prepared budget.) i (Click the icon to view additional Information.) 0 Data Table Read the requirements. Requirement 1. Compute...
Requirement 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate. Direct labor cost rate per hour i Data Table ]= Now compute White Realtors' (b) predetermined overhead allocation rate. 17,500 hours 2,800,000 $ 1 = = Predetermined overhead allocation rate % Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 310,000 1,810,000 400,000 Requirement 2. Compute the predicted cost of...
Peters Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Lee Peters prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Peters Realtors' (a) hourly direct...
White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Kenneth White prepared the following budget for the year Click the icon to view the prepared budget) Read the requirements Requirement 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead...
Jones Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sandra Jones prepared the following budget for the year: (Click the icon to view the prepared budget.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Jones Realtors' (a) hourly direct...
Root Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Debra Root prepared the following budget for the year: B (Click the icon to view the prepared budget.) i (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute Root Realtors' (a)...
skylark design, inc is a web site design and consulting
firm
Skylark Design, Inc. is a Web site design and consulting firm. The firm uses a order costing system in which each client is a different job. Skylark Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Erica...
please answer both questions
White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sanjog White prepared the following budget for the year: (Click the icon to view additional information.) E(Click the icon to view the prepared budget.) Read the requirements. (b) predetermined overhead allocation...
Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Prodetermined when í Requirements Compute the predetermined overhead allocation rate per direct labor dollar 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done e from any list or enter any number in the input...
Robin Design, Inc. is a Web site design and consulting firm. The firm uses a job order costing system in which each client is a different job. Robin Design assigns direct labor, licensing costs, and travel costs directly to each job. It allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Janie Eaton prepared the following budget estimates: (Click the icon to...
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