Homework Answers
1. $280000/17500 labour hours = $16 per hour
17500 hours × $16 = $280000
Estimated total manufacturing over head cost /estimated total activity base (labour hours)
Direct labour cost = $280000
Office rent. = $310000
Salaries. =$1810000
Utilities = $400000
Total = $2800000
$2800000/17500hours = $160
$280000/2520000 ×100= 11.11%
2. 17500 hours × $16 = $280000
+ 17500 hours × $160= $2800000
Total predicted cost = $3080000
3. $280000 ×30% = 84000
+ 2800000 × 30% = 840000
Required service revenue = 924000
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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...
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ompute ly direct Data Table ad alloca - Х $ Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Utilities 13.750 hours 2,200,000 330,000 1,200,000 450,000 Print Done y list or enter any number in the input fields and then click Check Answer Check Answer Compute Chance Realtors (a) hourly direct labor cost rate and (b) predetermined overhead Requirements 1. Compute Chance Realtors (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. 2....
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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...
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