Homework Answers
Part 1 Calculation of predetermined overhead rate:
Overhead rate = estimated overhead / direct labour hours.
Quarter 1 rate = 75000 / 25000 = 3 (same for quarter 3)
Quarter 2 rate = 96000 / 16000 = 6 (same for quarter 4)
Part 2 Calculation of price per unit of SC71:
Therefore price for the months of February and May are 616 and 682 respectively
Add Answer to:
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...
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...
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 Overhead hour) First quarter 75,000 Second 16,000 12,500 14,000 96,000 quarter Third quarter 37,500 Fourth 84,000 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...
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...
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...
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...
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...
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...
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...
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 34,000 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
$2.00 per direct labor-hour. Harris’s actual manufacturing overhead
cost for the year was $638,351 and its actual total direct labor
was 34,500 hours.
Exercise...
Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the...
Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 36.000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $536,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan's actual manufacturing overhead for the year was $714.994 and its actual total direct labor was 36,500 hours. Required: Compute the...
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 Overhead hour) First quarter 75,000 Second 16,000 12,500 14,000 96,000 quarter Third quarter 37,500 Fourth 84,000 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...
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 34,000 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
$2.00 per direct labor-hour. Harris’s actual manufacturing overhead
cost for the year was $638,351 and its actual total direct labor
was 34,500 hours.
Exercise...
Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 36.000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $536,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan's actual manufacturing overhead for the year was $714.994 and its actual total direct labor was 36,500 hours. Required: Compute the...
Most questions answered within 3 hours.
-
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 16 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 16 minutes ago -
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 16 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 15 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 20 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 28 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 35 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 49 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 52 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 1 hour ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 1 hour ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 1 hour ago