Please provide rating...
Answer 1 | |||||||
Overhead rate = expected overhead cost / expected direct labor cost | |||||||
=1500000/600000 | |||||||
2.50 | |||||||
Therefore predetermined overhead rate = | $2.50 | ||||||
Answer 2 | |||||||
Given that work in process inventory = | 15000 | ||||||
Manufacturing overhead = | 6300 | ||||||
Direct labor = 6300/90% | 7000 | ||||||
Direct material = 15000-6300-7000 | 1700 | ||||||
Therefore correct answer is option $ 1700 |
Multiple Choice Question 81 A company expected its annual overhead costs to be $1500000 and direct...
Multiple Choice Question 81 A company expected its annual overhead costs to be $1400000 and direct labor costs to be $1000000. Actual overhead was $1350000, and actual labor costs totaled $1100000. How much is the company's predetermined overhead rate to the nearest cent? O $1.35 $1.27 O $1.23 $1.40 Click if you would like to Show Work for this question: Open Show Work
Multiple Choice Question 100 Sunland Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $450000 of direct materials costs and $200000 of manufacturing overhead. The total manufacturing costs for Job no. 305 is: O $850000 $1100000 O $650000 O $750000
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Clemmens Company applies Overhead based on direct labor cost Estimated overhead and direct labor costs for the year were $113,500 and 124.800 respectively. During the year, actual overhead was 07200 and actual direct labor cost was $18.500 The entry to close the ove or underapplied overhead at year enda n gan material amount would include(Round predetermined overhead rate to nearest whole percentage.) M e Choice O Adebit to Work in Process inventory for $635 O Acrede to Factory Overhead for...