Question

# arris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

arris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 41,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$534,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$727,262 and its actual total direct labor was 41,500 hours.

Required:

Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)

In putting values in equation variable manufacturing overhead = variable manufacturing overhead * estimated direct labour hours we get,

variable manufacturing overhead = \$3 * 41000 = \$ 123000

We know from problem estimated fixed manufacturing overhead = \$ 534000

Total estimated manufacturing overhead = estimated fixed manufacturing overhead + estimated variable manufacturing overhead = \$123000 + \$ 534000 = \$657000

Thus pre-determined overhead rate for the year = Total estimated manufacturing overhead/ estimated direct labour = \$657000/41000 = \$16.02 per direct labour

#### Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 25,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$534,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$4.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$686,205 and its actual total direct labor was 25,500 hours. Required:...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 44,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$590,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$803,630 and its actual total direct labor was 44,500 hours. Compute...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 26,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$566,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$696,135 and its actual total direct labor was 26,500 hours. Compute...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 42,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$509,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$712,685 and its actual total direct labor was 42,500 hours. Required:...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 39,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$583,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$772,174 and its actual total direct labor was 39,500 hours. Required:...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 29,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$565,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$708,966 and its actual total direct labor was 29,500 hours. Required:...

• ### 1-Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

1-Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 32,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$558,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$3.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$714,594 and its actual total direct labor was 32,500 hours. Required:...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 39,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$512,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$4.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$743,714 and its actual total direct labor was 39,500 hours. Compute...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 38,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$516,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$2.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$659,464 and its actual total direct labor was 38,500 hours. Required:...

• ### Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At...

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 25,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated \$597,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of \$4.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was \$750,465 and its actual total direct labor was 25,500 hours. Required:...