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In December 2016, Shire Computers management establishes the 2017 predetermined overhead rate based on direct labor cost. Th
In December 2016, Shire Computers management establishes the 2017 predetermined overhead rate based on direct labor cost. Th
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Answer #1
Requirement 1
Overhead Rate
Choose Numerator: / Choose Denominator: = Overhead Rate
Overhead costs / Direct Labor cost = Overhead Rate
728,000 / 520,000 = 1.40
Requirement 2
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 3,000 T-306 650 910
Mar. 11 4-142 6,800 T-432 1,310 1,834
Mar. 18 4-167 3,650 T-456 1,350 1,890
13,450 3,310 4,634 21,394
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