Estimated direct labor cost
= 50,000 * 10
= $500,000
Estimated overhead rate = Estimated overhead/Estimated direct labor cost
= 800,000/500,000
= 160% if direct labor cost
Cosi Company uses a job order costing system and allocates its overhead on the basis of...
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $770,000 of overhead during the next period, and expects to use 47,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? Multiple Choice 6.10%. 61.0%. 164% 1638%.
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $770,000 of overhead during the next period, and expects to use 47,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? Multiple Choice 6.10%. 61.0%. 164% 1638%.
Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $34,000; direct materials, $54,000; and factory overhead applied $6,400. The overhead application rate was: Multiple Choice Ο 15.88%. Ο 531.25%. Ο 11.85%. Ο 5.31%.
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.70 per machine-hour was based on a cost formula that estimates $243,000 of total manufacturing overhead for an estimated activity level of 90,000 machine-hours. Required: 1. Assume that during the year the company works only 85,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead...
Kayak Company uses a job order costing system and alocates overhead on the basis of direct labor costs. Knyok Comowy production costs for the year were direct obor $30.000 de metals 50.000 and factory overhead opted $6.000 The overhead applicabon rate was: OSCO 2009 O 50% O 00 07
Question 28 2 pts Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1.500,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as base, what was the predetermined overhead rate? $6.00 per direct labor hour. $7.50 per...
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 $13.00 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 64,200 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 $ 1,620,000 Job Omega Direct...
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 $19.50 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 55,900 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 $ 2,230,000 Job Omega Direct...
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 $13.00 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 64,200 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 $ 1,620,000 Job Omega Direct...
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 $13.50 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 68,700 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 $ 1,722,000 Job Omega Direct materials Direct labor...