Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs...
Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 million. It also anticipates a combined 75,000 direct labor hours across all of its production lines. If Neutronics uses direct labor hours to allocate its overhead costs, the company’s predetermined overhead rate should be ________ per hour.
Homework Answers
Predetermined overhead rate =estimated overhead/estimated hours =2500000/75000 =33.33
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Neutronics makes four different models of gas identifiers. Next
year, the company anticipates total overhead costs...
K Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor...
K Company estimates that overhead costs for the next year will be $3,500,000 for indirect labor and $940,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 100,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate? Multiple Choice $0.02 per direct labor hour. $44.40 per direct labor hour. $35.00 per direct labor hour. $9.40 per direct labor hour. $0.11 per direct labor hour.
At the beginning of the year, the company estimates total overhead costs to be $4,200,800 and...
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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic Dominator Total 800 350 1,150 4,300 1,500 5,800 2,700 2,600 5,300 $ 9,400 $ 4,100 $ 13,500 65,400 33, 400 98,800 181,260 $ 293,560 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic Dominator Total 1,150 400 1,550 4,200 1,70€ 5,900 3,800 1,500 5,300 $11,700 $ 3,400 $ 15,100 61,300 34,800 96,100 182,850 $294,050 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs. (Round...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 950 400 1,350 Machine-hours 3,100 2,700 5,800 Direct labor-hours 3,000 2,000 5,000 Direct materials costs $ 8,400 $ 4,100 $ 12,500 Direct labor costs 55,700 33,800 89,500 Manufacturing overhead costs 164,720 Total costs $ 266,720 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses machine-hours to allocate overhead costs....
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1. What is the company's predetermined overhead rate if the company anticipates 125,000 direct labor hours,...
1. What is the company's predetermined overhead rate if the company anticipates 125,000 direct labor hours, variable manufacturing overhead costs of $7.43 per direct labor hour and total fixed manufacturing overhead of S189,000 during 2018? S189000 during 2013 overed st of 7.A8 per direr lab 2. A com pany recently completed job #583. The company incurred direct materials of S40610 and direct labor hours of 1,147. The direct labor wage rate was $11 per direct labor hour. The company completed...
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled...
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Homestead Company anticipates that they will incur the following costs and expenses during the coming year:...
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Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor...
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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic Dominator Total 800 350 1,150 4,300 1,500 5,800 2,700 2,600 5,300 $ 9,400 $ 4,100 $ 13,500 65,400 33, 400 98,800 181,260 $ 293,560 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic Dominator Total 1,150 400 1,550 4,200 1,70€ 5,900 3,800 1,500 5,300 $11,700 $ 3,400 $ 15,100 61,300 34,800 96,100 182,850 $294,050 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs. (Round...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual manufacturing overhead costs for the year Estimated direct labor hours for the year Actual direct labor hours for the year $254,000 $202,000 50,000 35,000 Alpha uses normal costing and applies overhead on the basis of direct labor hours. The predetermined overhead rate of Alpha Company is: a. $7.3 per hour. b. $4.0 per hour. c. $5.1 per hour. d. $8.8 per hour.
1. What is the company's predetermined overhead rate if the company anticipates 125,000 direct labor hours, variable manufacturing overhead costs of $7.43 per direct labor hour and total fixed manufacturing overhead of S189,000 during 2018? S189000 during 2013 overed st of 7.A8 per direr lab 2. A com pany recently completed job #583. The company incurred direct materials of S40610 and direct labor hours of 1,147. The direct labor wage rate was $11 per direct labor hour. The company completed...
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