Answer : $19.56 per DLH
Explanation :
Company's plant wide predetermined overhead rate for the year
= Estimated total manufacturing overhead /Estimated total direct labor hours
= [$530,000 + (32,000 DL hours * $3)] / 32,000 DL hours
= $626,000 / 32,000 DL hours
= $19.56 per DLH
(Required) Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours....
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $542,000 of Oxed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $730,844 and its actual total direct labor was 32,500 hours. Required:...
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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $505,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $691,641 and its actual total direct labor was 32,500 hours. Required:...
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Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 33.000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $511,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor hour. Harris's actual manufacturing overhead cost for the year was $669,492 and its actual total direct labor was 33,500 hours....
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