Solution:
Predetermined overhead rate for recently completed year = Variable overhead rate + Fixed overhead rate
= $10.70 + ($1,237,500 / 75000) = $27.20 per labor hour
C D A B Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 61,000 labor-hours. The estimated variable manufacturing overhead was $11.00 per labor-hour and the estimated total fixed manufacturing overhead was $1.159,000. The actual labor-hours for the year turned out to be 64.600 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your...
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 73,000 labor-hours. The estimated variable manufacturing overhead was $8.00 per labor-hour and the estimated total fixed manufacturing overhead was $1,204,500. The actual labor-hours for the year turned out to be 75,400 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your...
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 63,000 labor-hours. The estimated variable manufacturing overhead was $12.00 per labor-hour and the estimated total fixed manufacturing overhead was $1,134,000. The actual labor-hours for the year turned out to be 65,900 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your...
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 52,000 labor hours. The estimated variable manufacturing overhead was $9.30 per labor-hour and the estimated total fixed manufacturing overhead was $858,000. The actual labor-hours for the year turned out to be 55,800 labor-hours Required: Compute the company's predetermined overhead rate for the recently completed year. (Round...
Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 35,600 labor-hours. The estimated variable manufacturing overhead was $6.76 per labor-hour and the estimated total fixed manufacturing overhead was $906,732. The actual labor-hours for the year turned out to be 32,000 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
Longobardi Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor hours for the upcoming year at 30,700 labor-hours. The estimated variable manufacturing overhead was $5.09 per labor-hour and the estimated total fixed manufacturing overhead was $724,827. The actual labor hours for the year turned out to be 27,300 labor-hours. The predetermined overhead rate for the recently completed year was closest...
Saved Help Save & Ext A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 50,000 labor-hours. The estimated variable manufacturing overhead was $10.50 per labor-hour and the estimated total fixed manufacturing overhead was $880,000. The actual labor-hours for the year turned out to be 53,600 labor-hours. Compute the company's predetermined overhead rate for the...
Buehrle Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 27,500 labor-hours. The estimated variable manufacturing overhead was $2.25 per labor-hour and the estimated total fixed manufacturing overhead was $313,940. Compute the company's predetermined overhead rate for the recently completed year (round your final answer to the nearest penny, i.e. show to two decimal places).
Longobardi Corporation bases its predetermined overhead rate on the estimated tabor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 33,500 lobor-hours. The estimated variable manufacturing overhead was $6.37 per labor hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor. hours for the year turned out to be 30,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to:...