1-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 32,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $558,000 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 $714,594 and its actual total direct labor was 32,500 hours.
Required: Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)
predetermined overhead rate _____ per dlh
2_
Total variable overhead estimated=32000 direct labor hours*$3=$96000
Hence total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated
=96000+558,000=$654,000
Predetermined overhead rate=total overhead estimated/Estimated direct labor hours
=654,000/32000
=$20.44 per DLH.
1-Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...
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