Marquis Company estimates that annual manufacturing overhead costs will be $801,960. Estimated annual operating activity bases...
Marquis Company estimates that annual manufacturing overhead
costs will be $801,960. Estimated annual operating activity bases
are direct labor cost $489,000, direct labor hours 48,900, and
machine hours 97,800.
Compute the predetermined overhead rate for each activity base.
(Round answers to 2 decimal places, e.g. 10.50% or
10.50.)
| Overhead rate per direct labor cost |
enter percentages rounded to 2 decimal places |
% | |
|---|---|---|---|
| Overhead rate per direct labor hour |
$enter a dollar amount rounded to 2 decimal places |
||
| Overhead rate per machine hour |
$enter a dollar amount rounded to 2 decimal places |
Homework Answers
Calculation of required overhead rates:-
a) Overhead rate per direct labor cost = (Annual manufacturing overhead costs/Annual Direct labor cost)*100
= ($801,960/$489,000)*100 = 164.00 %
Therefore overhead rate per direct labor cost is 164%.
b) Overhead rate per direct labor hour = Annual manufacturing overhead costs/Annual Direct labor hours
= $801,960/48,900 = $16.40 per direct labor hour
c) Overhead rate per machine hour = Annual manufacturing overhead costs/Annual machine hours
= $801,960/97,800 = $8.20 per machine hour
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