Homework Answers
Answer: Option (c) 80% is correct
Direct labor as % of Predetermined Overhead Rate = Estimated Manufacured Overhead /Estimated Direct Labor Cost
= 401900 / 500700
= 80%
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Nadal Company is debating the use of direct labor cost or direct labor hours as the...
Quick Step Company is debating the use of direct labor cost or direct labor hours as...
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Question number 1: Davy Company had a beginning work in process inventory balance of $32,000. During...
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Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours...
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Delgado Company assigns manufacturing overhead to its jobs using a predetermined rate, with direct labor hours as the allocation base. Delgado’s predetermined overhead rate is computed as: a. actual total direct labor hours worked during the period ÷ actual total manufacturing overhead incurred during the period. b. estimated total manufacturing overhead for the period ÷ estimated total direct labor hours for the period. c. actual total manufacturing overhead incurred during the period ÷ actual total direct labor hours worked during...
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Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,200 $466,000 $425,100 $350.800 250,300 232,600 If Quick Step Company uses direct labor hours as the allocation base, what would the allocated...
Quick Step Company is debating the use of direct labor cost or direct labor hours as the cost allocation base for allocating manufacturing overhead. The following information is available for the most recent year: Estimated direct labor cost Actual direct labor cost Estimated manufacturing overhead costs Actual manufacturing overhead costs Estimated direct labor hours Actual direct labor hours $500,100 $465,100 $425,300 $350,700 250,200 232,800 If Quick Step Company uses direct labor hours as the allocation base, what would the predetermined...
for the most recent year No Company is debating the use of direct labor cost or director hours as the cost otion base for locating manufacturing overhead. The flowing formation is Actual direct labor hours 20.800 Estimated director hours Actual manufacturing overhead costs Estimated manuachung vorhead costs Acharact aborc $405.700 Estimated direct labor cost Il Nadal Company es direct labor cost as the location base what would the predetermined anduring w a t be? O A 519 OB. 74% OC....
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Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
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