Question

Chapter 15 Assignment - Question 4 (EX 157) tha... Saved Help Save & Exit Submit Check my work information used in setting this rate includes estimates that the company will incur $750,000 of overhead costs and $500,000 of direct labor cost in year 2017. During March 2017, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for 2017? 2. Using the information on the following job cost sheet, determine the total cost of the job 30 points Complete this question by entering your answers in the tabs below. eBook Hint Required 1 Required 2 Print References Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) JOB COST SHEET: Job No. 13-56 Direct Materials Direct Labor Total Cost Overhead Costs Applied Date Requisition No. Amount Mar 8 Mar. 11 4-129 4-142 4-167 Amount Time-Ticket No. $ 5,000 T-306 7.200 T-432 3.500 T-456 16.700 640 1,300 1.300 3.240 Mar. 18 5 34,000 < Required 1 < Prev 2 of 4 Next >

Answer 1

150% Predetermined overhead rate= ($750,000/$500,000) JOB COST SHEET: Job No. 13-56 Direct Materials Direct Labor Overhead Total Cost Date Requisition No. Amount Time-Ticket No. Amount Costs Applied Mar. 8 4-129 $6,000 T-306 $640 $960 $7,600 Mar. 11 4-142 $7.200 T-432 $1,300 $1,950 $10,450 Mar. 18 4-167 $3,500 T-456 $1,300 $1.950 $6.750 $16,700 $3,240 $4,860 $24.800