Homework Answers
Indirect labor rate = 224,000/26,000 = 8.62 per direct labor hour
Total job cost = Direct Labor + Indirect labor
= (40*70) + (40*8.62)
= 2800 + 345
= 3145
Add Answer to:
Neptune Accounting Services expects its accountants to work for 26,000 direct labor hours per year. The...
Hugo's Consulting expects its consultants to work a total of 7,000 direct labor hours during the...
Hugo's Consulting expects its consultants to work a total of 7,000 direct labor hours during the upcoming year and are paid $175,000. Estimated total indirect costs are $84,000. The indirect cost allocation rate is based on direct labor hours. What is the total cost of Job 628 that used 12 hours of labor time? Round to the nearest whole number. Do not include dollar signs or commas in your answer.
Sunshine Interior Design expects its designers to work a total of 28,000 direct labor hours during...
Sunshine Interior Design expects its designers to work a total of 28,000 direct labor hours during the upcoming year and are paid $700,000. Estimated total indirect costs are $336,000. The indirect cost allocation rate is based on direct labor hours. What is the total cost of Job 628 that used 12 hours of labor time? Round to the nearest whole number. Do not include dollar signs or commas in your answer.
Judge Jackie LLC expects its lawyers to work a total of 21,000 direct labor hours during...
Judge Jackie LLC expects its lawyers to work a total of 21,000 direct labor hours during the upcoming year and are paid $525,000. Estimated total indirect costs are $252,000. The indirect cost allocation rate is based on direct labor hours. What is the total cost of Job 628 that used 12 hours of labor time? Round to the nearest whole number. Do not include dollar signs or commas in your answer.
Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per...
Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data: Production volume 6,300 units Budgeted variable overhead costs $15,000 Budgeted direct labor hours 610 hours At the end of the year, actual data were as follows: Production volume 4.000 units Actual variable overhead...
Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor...
Cavy Company estimates that total factory overhead costs will be $777,924 for the year. Direct labor hours are estimated to be 102,900. a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. $ per direct labor hour b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,300 and to Job 777 if the amount of direct labor hours is 2,800. Job 345 $ Job 777 $...
Pitt Accounting pays Amanda Hilton $102,600 per year. Assume that Pitt's accountants are expected to work...
Pitt Accounting pays Amanda Hilton $102,600 per year. Assume that Pitt's accountants are expected to work a total of 6,000 direct labor hours in 2018. Pitt's estimated total indirect costs are $288,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Pitt's predetermined overhead allocation rate? Predetermined overhead allocation rate 11 11 Requirement 2. What indirect costs will be allocated to Client 507 if Amanda Hilton, an accountant at Pitt Accounting, works 13...
Blake Accounting pays Peter Geller $99,000 per year. Assume that Blake's accountants are expected to work...
Blake Accounting pays Peter Geller $99,000 per year. Assume that Blake's accountants are expected to work a total of 12,000 direct labor hours in 2018. Blake's estimated total indirect costs are $384,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Blake's predetermined overhead allocation rate? Predetermined overhead allocation rate Requirement 2. What indirect costs will be allocated to Client 507 if Peter Geller, an accountant at Blake Accounting, works 10 hours to...
Cavy Company estimates that total factory overhead costs will be $484,544 for the year. Direct labor...
Cavy Company estimates that total factory overhead costs will be $484,544 for the year. Direct labor hours are estimated to be 90,400. a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. $ per direct labor hour b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,200 and to Job 777 if the amount of direct labor hours is 2,900. Job 345 $ Job 777 $...
Nadal Company is debating the use of direct labor cost or direct labor hours as the...
Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Actual direct labor hours Estimated direct labor hours Actual manufacturing overhead costs Estimated manufacturing overhead costs Actual direct labor cost Estimated direct labor cost 232,500 250,300 $363,500 $401,900 $465,800 $500,700 If Nadal Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead...
Quick Step Company is debating the use of direct labor cost or direct labor hours as...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,100 $465,100 $425,300 $350,700 250,200 232,800 If Quick Step Company uses direct labor hours as the allocation base, what would the predetermined...
Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data: Production volume 6,300 units Budgeted variable overhead costs $15,000 Budgeted direct labor hours 610 hours At the end of the year, actual data were as follows: Production volume 4.000 units Actual variable overhead...
Pitt Accounting pays Amanda Hilton $102,600 per year. Assume that Pitt's accountants are expected to work a total of 6,000 direct labor hours in 2018. Pitt's estimated total indirect costs are $288,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Pitt's predetermined overhead allocation rate? Predetermined overhead allocation rate 11 11 Requirement 2. What indirect costs will be allocated to Client 507 if Amanda Hilton, an accountant at Pitt Accounting, works 13...
Blake Accounting pays Peter Geller $99,000 per year. Assume that Blake's accountants are expected to work a total of 12,000 direct labor hours in 2018. Blake's estimated total indirect costs are $384,000 and the allocation base used is direct labor hours. Read the requirements. Requirement 1. What is Blake's predetermined overhead allocation rate? Predetermined overhead allocation rate Requirement 2. What indirect costs will be allocated to Client 507 if Peter Geller, an accountant at Blake Accounting, works 10 hours to...
Nadal Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Actual direct labor hours Estimated direct labor hours Actual manufacturing overhead costs Estimated manufacturing overhead costs Actual direct labor cost Estimated direct labor cost 232,500 250,300 $363,500 $401,900 $465,800 $500,700 If Nadal Company uses direct labor cost as the allocation base, what would the predetermined manufacturing overhead...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,100 $465,100 $425,300 $350,700 250,200 232,800 If Quick Step Company uses direct labor hours as the allocation base, what would the predetermined...
Most questions answered within 3 hours.
-
Please explain how participation income and expenses are
allocated to each partner. Where is this defined?
asked 30 seconds from now -
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 15 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 19 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 18 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 24 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 22 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 46 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 49 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 50 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 46 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 49 minutes ago -
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 1 hour ago