Homework Answers
ANSWER=$0.70 PER DIRECT LABOUR
EXPLANATION
PREDETERMINED OVERHEAD RATE=TOTAL OVERHEAD/DIRECT LABOUR COST
=$420000/$600000=$0.70
IT MEANS ON EVERY DOLLOR SPENT ON DIRECT LABOUR YOU HAVE TO SPENT $0.70 ON OVERHEAD.
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Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Your answer has been saved. See score details after the due date. Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places,...
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