Homework Answers
Overhead rate per labor hour=Estimated overhead/Estimated labor hours
=1,713,000/63000
which is equal to
=$27.19 per labor hour
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Jokic Company provided the following information from its accounting records for 2020: Estimated production 63,000 labor...
Marigold Corp. provided the following information from its accounting records for 2019. Expected production 100000 labor...
Marigold Corp. provided the following information from its accounting records for 2019. Expected production 100000 labor hours Actual production 96000 labor hours Budgeted overhead $700000 Actual overhead $670000 How much is the overhead application rate if Marigold Corp. bases the rate on direct labor hours? $6.98 per hour $6.70 per hour $7.29 per hour $7.00 per hour
Question 24 Bramble provided the following information from its accounting records for 2020: Expected production Actual...
Question 24 Bramble provided the following information from its accounting records for 2020: Expected production Actual production Budgeted overhead Actual overhead 30100 labour hours 27200 labour hours $1471890 $1421890 How much is the overhead application rate if Bramble bases the rate on direct labour hours? $52.28 per direct labour hour O $47.24 per direct labour hour O $48.90 per direct labour hour O $54.11 per direct labour hour LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER...
The following information was taken from the accounting records of the company Budgets Manufacturing Overhead $497,432...
The following information was taken from the accounting records of the company Budgets Manufacturing Overhead $497,432 Actual Manufacturing overhead $418,798 Budgeted Direct Labor Hours $16,197 Actual Direct Labor Hours $17,584 The company uses a predetermined overhead rate based on direct labor hours, what would be the rate?
Buehrle Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At...
Buehrle Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 27,500 labor-hours. The estimated variable manufacturing overhead was $2.25 per labor-hour and the estimated total fixed manufacturing overhead was $313,940. Compute the company's predetermined overhead rate for the recently completed year (round your final answer to the nearest penny, i.e. show to two decimal places).
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At...
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 63,000 labor-hours. The estimated variable manufacturing overhead was $12.00 per labor-hour and the estimated total fixed manufacturing overhead was $1,134,000. The actual labor-hours for the year turned out to be 65,900 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your...
Help Save & Exit Submit A company bases its predetermined overhead rate on the estimated labor-hours...
Help Save & Exit Submit A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 30,600 labor-hours. The estimated variable manufacturing overhead was $6.18 per labor-hour and the estimated total fixed manufacturing overhead was $626,076. The actual labor-hours for the year turned out to be 27100 labor-hours. The predetermined overhead rate for the recently completed year...
Raab surgent Clinic provided the following information from its accounting records for 2014: Expected labour operations...
Raab surgent Clinic provided the following information from its accounting records for 2014: Expected labour operations 32,000 labor hours Expected overhead $9,760,000 Labor hour cost $400 a. A Patient who was admitted in June costed $ 2,000 direct material and needed 12 operation hours. Calculate the total cost of that patient if Raab use labor hours as activity base to determine the manufacturing overhead. b. Calculate the total cost of that patient if Raab use labour cost as activity base...
Saved Help Save & Ext A company bases its predetermined overhead rate on the estimated labor-hours...
Saved Help Save & Ext A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 50,000 labor-hours. The estimated variable manufacturing overhead was $10.50 per labor-hour and the estimated total fixed manufacturing overhead was $880,000. The actual labor-hours for the year turned out to be 53,600 labor-hours. Compute the company's predetermined overhead rate for the...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year....
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
Q.2. A Company has made the following data available from its accounting records: a. F.O.H rate...
Q.2. A Company has made the following data available from its accounting records: a. F.O.H rate = Estimated F.O.H Rs6,00,000 Estimated Direct Labor Hours 200,000 = Rs.3 per DLH b. 2/3rd of the above calculate rate is variable cost oriented. c. C. During the year, the company worked 210,000 Direct Labor Hours and actual factory overhead expenditure were Rs.6, 31,000. Required: 1. The Spending variance 2. Idle capacity Variance urgent answer,i really need this i will rate
Question 24 Bramble provided the following information from its accounting records for 2020: Expected production Actual production Budgeted overhead Actual overhead 30100 labour hours 27200 labour hours $1471890 $1421890 How much is the overhead application rate if Bramble bases the rate on direct labour hours? $52.28 per direct labour hour O $47.24 per direct labour hour O $48.90 per direct labour hour O $54.11 per direct labour hour LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER...
Help Save & Exit Submit A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 30,600 labor-hours. The estimated variable manufacturing overhead was $6.18 per labor-hour and the estimated total fixed manufacturing overhead was $626,076. The actual labor-hours for the year turned out to be 27100 labor-hours. The predetermined overhead rate for the recently completed year...
Raab surgent Clinic provided the following information from its accounting records for 2014: Expected labour operations 32,000 labor hours Expected overhead $9,760,000 Labor hour cost $400 a. A Patient who was admitted in June costed $ 2,000 direct material and needed 12 operation hours. Calculate the total cost of that patient if Raab use labor hours as activity base to determine the manufacturing overhead. b. Calculate the total cost of that patient if Raab use labour cost as activity base...
Saved Help Save & Ext A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor hours for the upcoming year at 50,000 labor-hours. The estimated variable manufacturing overhead was $10.50 per labor-hour and the estimated total fixed manufacturing overhead was $880,000. The actual labor-hours for the year turned out to be 53,600 labor-hours. Compute the company's predetermined overhead rate for the...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
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