Homework Answers
Predetermined Overhead rate = Estimated overhead/Estimated direct labor hours
Estimated overhead = Factory machinery depreciation + Factory supervisor salaries + factory supplies + Factory property tax
= 56,500+134,500+36,900+28,750
= 256,650
Estimated direct labor hours = 207,662/11.41 = 18,200 hours
1. Predetermined overhead rate = 256,650/18,200
= 14.10
2. Applied overhead = 14.10*19,200
= 270,720
Add Answer to:
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor $345,800 61,000 143,000 232,380 41,400 32,750 Factory supplies Factory property tax Advertising cost 22,000 52,500 18,700 Administrative salaries Administrative-related depreciation $949,530 Total expected costs Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $ 350,800 61,000 143,500 228,966 43,400 30, 750 26,000 50,000 24,700 $959, 116 Required: 1. Calculate the predetermined overhead rate per direct labor hour...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $342,800 58,000 143,000 236, 253 42,900 26,250 19,500 54,000 20, 200 $942,903 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to detemine the cost of each bike. Estimated costs and expenses for the coming year follow: $355,800 Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 53,500 142,500 225,456 45.400 24,750 21,500 55,000 24,200 $948,106 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 350,800 55,000 136,500 211,951 41,400 25,750 26,000 51,500 $922,601 Required 1. Calculate the predetermined overhead rate per direct labor hour if the average direct...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation $349,800 57,000 142,500 237,031 40,900 27,250 26,500 54,500 22,200 $957,681 Total expected costs Required . Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to dete each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $338,800 60,000 137,000 196,794 43,400 27,250 19,500 55,000 26, 200 $903,944 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor...
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $ 351,800 Factory machinery depreciation 54,500 Factory supervisor salaries 139,500 Factory direct labor 238,266 Factory supplies 38,900 Factory property tax 28,750 Advertising cost 22,500 Administrative salaries 47,000 Administrative-related depreciation 18,700 Total expected costs $ 939,916 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $ 348,800 Factory machinery depreciation 53,000 Factory supervisor salaries 142,500 Factory direct labor 195,663 Factory supplies 44,900 Factory property tax 27,250 Advertising cost 27,500 Administrative salaries 46,000 Administrative-related depreciation 20,700 Total expected costs $ 906,313 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $341,800 57,000 134,500 207,819 39,400 33,250 20,000 50,500 19,700 $983,969 Required: 1. Calculate...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor $345,800 61,000 143,000 232,380 41,400 32,750 Factory supplies Factory property tax Advertising cost 22,000 52,500 18,700 Administrative salaries Administrative-related depreciation $949,530 Total expected costs Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $ 350,800 61,000 143,500 228,966 43,400 30, 750 26,000 50,000 24,700 $959, 116 Required: 1. Calculate the predetermined overhead rate per direct labor hour...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $342,800 58,000 143,000 236, 253 42,900 26,250 19,500 54,000 20, 200 $942,903 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to detemine the cost of each bike. Estimated costs and expenses for the coming year follow: $355,800 Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 53,500 142,500 225,456 45.400 24,750 21,500 55,000 24,200 $948,106 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 350,800 55,000 136,500 211,951 41,400 25,750 26,000 51,500 $922,601 Required 1. Calculate the predetermined overhead rate per direct labor hour if the average direct...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation $349,800 57,000 142,500 237,031 40,900 27,250 26,500 54,500 22,200 $957,681 Total expected costs Required . Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to dete each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $338,800 60,000 137,000 196,794 43,400 27,250 19,500 55,000 26, 200 $903,944 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $341,800 57,000 134,500 207,819 39,400 33,250 20,000 50,500 19,700 $983,969 Required: 1. Calculate...
Most questions answered within 3 hours.
-
Required information
[The following information applies to the questions
displayed below.]
In 2019, Alliant Corporation acquired...
asked 1 minute ago -
How much must I invest today if I want to withdraw 1/3 of my
original investment...
asked 2 hours ago -
What is meant by a “term premium”?
What can explain such a premium? Is it a...
asked 3 hours ago -
23. Which molecule has only covalent bonds? A. CO2 B. Al2O3 C.
Mg3N2
24. The octet...
asked 4 hours ago -
the
total pressure for a mixture of N2O4 and NO2 is 2.20 atm. If Kp=
7.10...
asked 4 hours ago -
Delaware Corp. prepared a master budget that included $22,385
for direct materials, $28,600 for direct labor,...
asked 4 hours ago -
For pesticide HCB (hexachlorobenzene), its logarithmic partition
coefficient log Kow is 5.6. What would be the...
asked 4 hours ago -
A chemist requires 0.422 mil Na2CO3 for a reaction. How many
grams does this correspond to?
asked 4 hours ago -
If the vapor pressure of carvone is approximately 9.4 torr at 99
°C, approximately how much...
asked 4 hours ago -
A juice bottling company is carrying out a test at 10%
significance that the mean population...
asked 4 hours ago -
What is the reflectivity (in percent) needed to keep water at a
temperature near its freezing...
asked 4 hours ago -
Suppose that the average surface temperature of Earth is 300K.
Assume this is uniform over its...
asked 4 hours ago