Total variable overhead estimated=(5.09*30700)=$156263
Total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated
=156263+724827
=$881090
Predetermined overhead rate=Total overhead estimated/Estimated labor hours
=$881090/30700
=$28.7 per labor hour
Longobardi Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year....
Longobardi Corporation bases its predetermined overhead rate on the estimated tabor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 33,500 lobor-hours. The estimated variable manufacturing overhead was $6.37 per labor hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor. hours for the year turned out to be 30,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to:...
Longobardi 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 Corporation estimated the labor-hours for the upcoming year at 35,600 labor-hours. The estimated variable manufacturing overhead was $6.76 per labor-hour and the estimated total fixed manufacturing overhead was $906,732. The actual labor-hours for the year turned out to be 32,000 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
TB MC Qu. 2-37 Longobardi Corporation bases its predetermined overhead Longobardi 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 Corporation estimated the labor-hours for the upcoming year at 33,500 labor-hours. The estimated variable manufacturing overhead was $6.37 per labor- hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor-hours for the year turned out to be 30,100 labor-hours. The predetermined overhead...
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 61,000 labor-hours. The estimated variable manufacturing overhead was $11.00 per labor-hour and the estimated total fixed manufacturing overhead was $1.159,000. The actual labor-hours for the year turned out to be 64.600 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your...
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 52,000 labor hours. The estimated variable manufacturing overhead was $9.30 per labor-hour and the estimated total fixed manufacturing overhead was $858,000. The actual labor-hours for the year turned out to be 55,800 labor-hours Required: Compute the company's predetermined overhead rate for the recently completed year. (Round...
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 73,000 labor-hours. The estimated variable manufacturing overhead was $8.00 per labor-hour and the estimated total fixed manufacturing overhead was $1,204,500. The actual labor-hours for the year turned out to be 75,400 labor-hours. Required: Compute the company's predetermined overhead rate for the recently completed year. (Round your...
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...
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...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,200 $ 3.10 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.61 per machine-hour $679 per machine-hour $9.30 per machine-hour $1472 per machine-hour Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 45.900 machine-hours. The estimated variable manufacturing overhead was $7.53 per machine-hour and the estimated total fed manufacturing overhead was $1290,708. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $35.65 per machine-hour $7.53 per machine-hour $34.65 per machine-hour O $28.12 per...