Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Question

Question

Everlast Co. manufactures a variety of drill bits. The companys plant is partially automated. The budget for the year includ

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Total overhead	1355350
Direct labor hour	5400

Manufacturing overhead rate on the basis of direct labor hr


1355350/5400
250.9907407	per hr
250.99	Round
Direct labor hour used by current product	396	hr


Overhead cost on the basis of direct labor hr
396*250.99
99392.04
99392	Round

Hi Mate,

I tried to solve this question as much as I can.

However, the question is not clear and some parts are missing. In case this answer does not match, then send me a full question along with 4 options.

In case of doubt please comment and please hit like and write a beautiful comment once the answer is correct.

Add a comment

Answer 2

Similar Homework Help Questions

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $432,000 payroll for 4,800 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 120,000 # of setups 120 setups Materials handling 104,400 # of barrels 8,700 barrels Quality control 264,000 # of inspections 1,100 inspections Other overhead cost 144,000 # of machine...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $576,000 payroll for 7,200 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 240,000 # of setups 240 setups Materials handling 111,600 # of barrels 9,300 barrels Quality control 828,000 # of inspections 2,300 inspections Other overhead cost 648,000 # of machine...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $648,000 payroll for 8,400 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 1,599,200 # of setups 300 setups Materials handling 115,200 # of barrels 9,600 barrels Quality control 1,218,000 # of inspections 2,900 inspections Other overhead cost 1,008,000 # of machine...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $612,000 payroll for 7,400 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 1,289,450 # of setups 270 setups Materials handling 113,400 # of barrels 9,450 barrels Quality control 1,014,000 # of inspections 2,600 inspections Other overhead cost 819,000 # of machine...
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $444,000 payroll for 5,000 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Machine setups Materials handling Quality control Other overhead cost Total overhead Budgeted Overhead $ 171,250 105,000 300,000 175,000 $ 751, 250 Cost Driver # of setups # of barrels # of inspections # of machine hours Estimated Cost Driver Level...
T 3303 2008 Name erm 1 The controller for Alabama Cooking Oil Co, established the following...

T 3303 2008 Name erm 1 The controller for Alabama Cooking Oil Co, established the following overhead cost pools and cost drivers: Budgeted Estimated Overhead Cost Pool Overhead Cost Driver Cost Driver Level Machine setups $143.000 #of setups 110 setups Material handling 124,800 # of barrels 7,800 barrels Quality control 316,200 # of inspections 1.020 inspections Other overhead cost 172,500 # of machine hrs 11,500 machine hrs An order of 800 barrels of cooking oil used: Machine setups 10 setups...

Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing...

Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 160,000 3,200 pounds Weight of materials Machine setup 13,260 390 setups Number of setups Machine repair 1,380 30,000 machine hours Machine hours Inspections 10,560 160 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 130...
Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is...

Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is partially automated. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Machinery depreciation/maintenance Factory depreciation/utilities/insurance Product design Material handling Budgeted Overhead Cost $ 198, 205 141,575 666,360 1,565,200 Budgeted Cost Driver Level Cost Driver 28,315 Machine hours 28,315 Machine hours 42,770 Hours in design 182,000 Pounds of raw materials In addition, Shaver expects to spend $566,300 for 8,090 direct...
Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing...

Wings Co. budgeted $556,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $198,000 14,888 1,800 10,200 Budgeted Level for Cost Driver 3,300 pounds 400 setups 30,000 machine hours 17e inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...

Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing...

Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Budgeted Budgeted Level for Overhead Cost Overhead Cost Cost Driver Driver Weight of $160,000 3,200 pounds materials Number of 13,200 390 setups setups 1,380 30,000 machine hours Machine hours Machine setup Machine repair Number of Inspections inspections Requirements for Job #971 which manufactured 4 units of product: 10,560 160 inspections Direct labor 20 hours Direct materials 130 pounds...

Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget...

Homework Answers