Homework Answers
| Answer |
| a. Predetermined overhead rate = Estimated overhead / Estimated labor hours |
| 120,000/60,000 |
| $2 direct labor hour |
| b. |
| Predetermined overhead rate = Estimated overhead cost / Estimated direct labor cost |
| 120,000/1200,000 |
| $0.1 per direct labor dollar |
| c. |
| Predetermined overhead rate = Estimated overhead / Estimated machine hours |
| 120,000/15000 |
| $ 8 per machine hour |
Please like
Add Answer to:
Steeler Towel Company estimates its overhead to be $120,000. It expects to have 60,000 direct labor...
Keenan Company estimates that total factory overhead costs will be $120,000 for the year. Direct labor...
Keenan Company estimates that total factory overhead costs will be $120,000 for the year. Direct labor hours are estimated to be 30,000. a. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During August, Keenan Company accumulated 860 hours of direct labor costs on Job 40 and 560 hours on Job 42. Determine the amount of factory overhead...
Marquis Company estimates that annual manufacturing overhead costs will be $915,560. Estimated annual operating activity bases...
Marquis Company estimates that annual manufacturing overhead costs will be $915,560. Estimated annual operating activity bases are direct labor cost $487,000, direct labor hours 48,700, and machine hours 97,400. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost enter percentages rounded to 2 decimal places % Overhead rate per direct labor hour $enter a dollar amount rounded to 2 decimal places Overhead rate per...
Marquis Company estimates that annual manufacturing overhead costs will be $801,960. Estimated annual operating activity bases...
Marquis Company estimates that annual manufacturing overhead costs will be $801,960. Estimated annual operating activity bases are direct labor cost $489,000, direct labor hours 48,900, and machine hours 97,800. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost enter percentages rounded to 2 decimal places % Overhead rate per direct labor hour $enter a dollar amount rounded to 2 decimal places Overhead rate per...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
- Your answer is partially correct. Sheridan Company estimates that annual manufacturing overhead costs will be...
- Your answer is partially correct. Sheridan Company estimates that annual manufacturing overhead costs will be $902.000. Estimated annual operating activity bases are direct labor cost $400,000, direct labor hours 40,000, and machine hours 100.000, Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, s. 10.50) Overhead rate per direct labor cost 225.5 Overhead rate per direct labor hour $ 20.23 Overhead rate per machine hour 8.09
Marquis Company estimates that annual manufacturing overhead costs will be $822,600. Estimated annual operating activity bases...
Marquis Company estimates that annual manufacturing overhead costs will be $822,600. Estimated annual operating activity bases are direct labor cos $457,000, direct labor hours 45,700, and machine hours 91,400. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour
Marquis Company estimates that annual manufacturing overhead costs will be $841,680. Estimated annual operating activity bases...
Marquis Company estimates that annual manufacturing overhead costs will be $841,680. Estimated annual operating activity bases are direct labor cost $501,000, direct labor hours 50,100, and machine hours 100,200. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour Overhead rate per machine hour
Question 13 Marquis Company estimates that annual manufacturing overhead costs will be $904,700. Estimated annual operating...
Question 13 Marquis Company estimates that annual manufacturing overhead costs will be $904,700. Estimated annual operating activity bases are direct labor cost $415,000, direct labor hours 41,500, and machine hours 83,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour a A Overhead rate per machine hour
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $891,100. Estimated...
Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $891,100. Estimated annual operating activity bases are direct labor cost $469,000, direct labor hours 46,900, and machine hours 93,800. upport Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, eg. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour
Keenan Company estimates that total factory overhead costs will be $120,000 for the year. Direct labor hours are estimated to be 30,000. a. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. per direct labor hour b. During August, Keenan Company accumulated 860 hours of direct labor costs on Job 40 and 560 hours on Job 42. Determine the amount of factory overhead...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
- Your answer is partially correct. Sheridan Company estimates that annual manufacturing overhead costs will be $902.000. Estimated annual operating activity bases are direct labor cost $400,000, direct labor hours 40,000, and machine hours 100.000, Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, s. 10.50) Overhead rate per direct labor cost 225.5 Overhead rate per direct labor hour $ 20.23 Overhead rate per machine hour 8.09
Marquis Company estimates that annual manufacturing overhead costs will be $822,600. Estimated annual operating activity bases are direct labor cos $457,000, direct labor hours 45,700, and machine hours 91,400. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour
Marquis Company estimates that annual manufacturing overhead costs will be $841,680. Estimated annual operating activity bases are direct labor cost $501,000, direct labor hours 50,100, and machine hours 100,200. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour Overhead rate per machine hour
Question 13 Marquis Company estimates that annual manufacturing overhead costs will be $904,700. Estimated annual operating activity bases are direct labor cost $415,000, direct labor hours 41,500, and machine hours 83,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour a A Overhead rate per machine hour
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Current Attempt in Progress Marquis Company estimates that annual manufacturing overhead costs will be $891,100. Estimated annual operating activity bases are direct labor cost $469,000, direct labor hours 46,900, and machine hours 93,800. upport Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, eg. 10.50% or 10.50.) Overhead rate per direct labor cost Overhead rate per direct labor hour $ Overhead rate per machine hour
Most questions answered within 3 hours.
-
Find the complete optimal solution to this linear programming
problem. Max 5x + 3y s.t. 2x...
asked 6 minutes ago -
The pH of an acetate buffer was determined to be 4.76. Then, a
few drops of...
asked 9 minutes ago -
a sample of size 1500 is used to find a confidence
interval for the percentage of...
asked 18 minutes ago -
Explain in detail the differences between qualitative and
quantitative forecasts. Include at least two examples of...
asked 22 minutes ago -
Differentiate between response time and throughput.
Explain how the physical design of a database influences
performance...
asked 24 minutes ago -
Write MATLAB code to plot the following
waveforms.
Rectangular pulses:
????(?)
????(? − ?)
????(?/?) ...
asked 24 minutes ago -
4. Adam’s Inc.’s outstanding common stock is currently selling
in the market for $28. Dividends of...
asked 35 minutes ago -
question
you were
asked to create a regression that will predict the amount of saving
for...
asked 43 minutes ago -
If tcalc = -2.78, tcrit = 1.96, H0: Mu > Mu0, and Xbar <
Mu0, what...
asked 1 hour ago -
Circular distribution
•Suppose two birds are flying, one is flying from the north and
the other...
asked 1 hour ago -
please answer all... it all counts as a discussion problem
1a qualitative data and proportions: Suppose...
asked 1 hour ago -
Typing The Answer Is Mandatory
Temperature is a measure of heat. More heat means that more...
asked 58 minutes ago