Answer
Estimated Manufacturing Overhead |
Estimated Direct Labor Hours |
Predetermined Overhead rate per DLHs |
|
[A] |
[B] |
[C = A/B] |
|
Quarter 1 [Jan, Feb, Mar] |
$75,000 |
25,000 |
$3 [to be used for February] |
Quarter 2 [April, May, June] |
$96,000 |
16,000 |
$6 [to be used for May] |
Quarter 3 |
$37,500 |
12,500 |
$3 |
Quarter 4 |
$84,000 |
14,000 |
$6 |
--February [FALLS UNDER QUARTER #1]
Total Cost = $ 200 material + (20
hours x $15 per hour) labor + (20 hours x $ 3 per DLH)
overhead
= 200 + 300 + 60
= $ 560 =
Answer
--May [FALLS UNDER QUARTER #2]
Total Cost = $ 200 material + (20
hours x $15 per hour) labor + (20 hours x $ 6 per DLH)
overhead
= 200 + 300 + 120
= $ 620 =
Answer
Rochester Heating Systems, Inc. calculates its predetermined overhead rate on a quarterly basis. The following estimates...
Rochester Heating Systems, Inc. calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year Quarterly Predetermined Overhead Estimated Estimated Rate (per Manufacturing Direct-Labor direct-labor Hours 25,000 16,000 Overhead hour) First quarter 75,000 Second 96,000 quarter Third quarter 37,500 Fourth 12,500 84,000 14,000 quarter Total $292,500 67,500 The firm's main product, part number SC71, requires $200 of direct material and 20 hours of direct labor per unit. The labor rate is $15 per...
Rochester Heating Systems, Inc. calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year Quarterly Predetermined Overhead Estimated Estimated Rate (per Manufacturing Direct-Labor direct-labor Hours 25,000 16,000 Overhead hour) First quarter 75,000 Second 96,000 quarter Third quarter 37,500 Fourth 12,500 84,000 14,000 quarter Total $292,500 67,500 The firm's main product, part number SC71, requires $200 of direct material and 20 hours of direct labor per unit. The labor rate is $15 per...
Rochester Heating Systems, Inc. calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year Quarterly Predetermined Overhead Estimated Estimated Rate (per Manufacturing Direct-Labor direct-labor Hours 25,000 16,000 Overhead hour) First quarter 75,000 Second 96,000 quarter Third quarter 37,500 Fourth 12,500 84,000 14,000 quarter Total $292,500 67,500 The firm's main product, part number SC71, requires $200 of direct material and 20 hours of direct labor per unit. The labor rate is $15 per...
Problem 3-56 Predetermined Overhead Rate; Different Time Periods; Pricing (LO 4) [The following information applies to the questions displayed below.] Rochester Heating Systems, Inc. calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year Quarterly Predetermined Overhead Rate (per Estimated Manufacturing Direct-Labor direct-labor Hours 25,000 Estimated Overhead hour) First quarter $100,000 Second 96,000 16,000 12,500 14,000 quarter Third quarter 37,500 Fourth 70,000 quarter Total $303,500 67,500 The firm's main product, part number...
1. Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 37,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $556,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $737,889 and its actual total direct labor was 37,500 hours. Required: Compute...
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 37,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $550,000 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 $731,807 and its actual total direct labor was 37,500 hours. Required:...
Check my work 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 37,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $598,000 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 $782,331 and its actual total direct labor was...
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 37,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $565,000 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 $784,510 and its actual total direct labor was 37,500 hours. Required:...
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 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours. Required:...
1. 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 30,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $519,000 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 $669,475 and its actual total direct labor was 30,500 hours....