Homestead Company anticipates that they will incur the following costs and expenses during the coming year:...
Homestead Company anticipates that they will incur the following costs and expenses during the coming year:
|
Direct material: |
$250,000 |
|
Direct labor (@ $11/hr.): |
$99,000 |
|
Indirect material: |
$12,000 |
|
Indirect labor |
$15,000 |
|
Factory depreciation: |
$27,000 |
|
Selling expenses: |
$17,000 |
|
Non-factory office expenses: |
$16,000 |
|
Other manufacturing overhead: |
$18,000 |
If manufacturing overhead is assigned on the basis of direct labor hours, what is the predetermined manufacturing overhead rate for the coming year?
Homework Answers
Given
Direct labour = $99000
Labour hour rate = $11
No of hours = $ 99000/ $11
= 9000 hours
Manufacture overhead rate = manufacturing cost/no of labour hours
=$18000/9000
= $ 2 per hour
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Homestead Company anticipates that they
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