Exercise 186 (Part Level Submission) Klinger Company estimates that annual manufacturing overhead costs will be $4,800,000...

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Answer 1

Answer #1

a.

Predetermined overhead rate = Estimated manufacturing overhead costs/Estimated direct labor costs

Predetermined overhead rate = $4,800,000/$3,000,000 = 1.60 = 160%

b.

Predetermined overhead rate = Estimated manufacturing overhead costs/Estimated direct labor hours

Predetermined overhead rate = $4,800,000/200,000 hours = $24 per direct labor hour

c.

Predetermined overhead rate = Estimated manufacturing overhead costs/Estimated machine hours

Predetermined overhead rate = $4,800,000/150,000 machine hours = $32 per machine hour

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Answer 2

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Exercise 186 (Part Level Submission) Klinger Company estimates that annual manufacturing overhead costs will be $4,800,000...

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