Requirement 1
Expected Overheads |
|
Factory machinery depreciation |
$ 55,000.00 |
Factory supervisor salaries |
$ 1,36,500.00 |
Factory supplies |
$ 41,400.00 |
Factory property taxes |
$ 25,750.00 |
Total Manufacturing overheads expected |
$ 2,58,650.00 |
Excepted direct labor hours($211951/11.71) |
18100 |
Predetermined overhead rate |
$ 14.29 |
Predetermined overhead rate |
$ 14.29 per Direct labor hour |
Requirement 2
A |
Predetermined overhead rate |
$ 14.29 |
B |
Actual Labor hours |
18400 |
C=A x B |
Manufacturing overheads applied |
$ 2,62,936.00 |
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $ 350,800 61,000 143,500 228,966 43,400 30, 750 26,000 50,000 24,700 $959, 116 Required: 1. Calculate the predetermined overhead rate per direct labor hour...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor $345,800 61,000 143,000 232,380 41,400 32,750 Factory supplies Factory property tax Advertising cost 22,000 52,500 18,700 Administrative salaries Administrative-related depreciation $949,530 Total expected costs Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to detemine the cost of each bike. Estimated costs and expenses for the coming year follow: $355,800 Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs 53,500 142,500 225,456 45.400 24,750 21,500 55,000 24,200 $948,106 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation $349,800 57,000 142,500 237,031 40,900 27,250 26,500 54,500 22,200 $957,681 Total expected costs Required . Calculate the predetermined overhead rate per direct labor hour if the average...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $ 356,800 Factory machinery 56,500 depreciation Factory supervisor salaries 134,500 Factory direct labor 207,662 Factory supplies 36,900 Factory property tax 28,750 Advertising cost 21,000 Administrative salaries 50,000 Administrative-related 17,700 depreciation Total expected costs $909,812 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $342,800 58,000 143,000 236, 253 42,900 26,250 19,500 54,000 20, 200 $942,903 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to dete each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Factory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative-related depreciation Total expected costs $338,800 60,000 137,000 196,794 43,400 27,250 19,500 55,000 26, 200 $903,944 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor...
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $ 348,800 Factory machinery depreciation 53,000 Factory supervisor salaries 142,500 Factory direct labor 195,663 Factory supplies 44,900 Factory property tax 27,250 Advertising cost 27,500 Administrative salaries 46,000 Administrative-related depreciation 20,700 Total expected costs $ 906,313 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts $ 351,800 Factory machinery depreciation 54,500 Factory supervisor salaries 139,500 Factory direct labor 238,266 Factory supplies 38,900 Factory property tax 28,750 Advertising cost 22,500 Administrative salaries 47,000 Administrative-related depreciation 18,700 Total expected costs $ 939,916 Required: 1. Calculate the predetermined overhead rate per direct labor hour if...
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead [LO 2-3) Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike. Estimated costs and expenses for the coming year follow: Bike parts Factory machinery depreciation Factory supervisor salaries Pactory direct labor Factory supplies Factory property tax Advertising cost Administrative salaries Administrative related depreciation Total expected costs $352,800 61,000 143,000 216,635 44,400 30,750 27,500 52,500 24,200 $952,785 es Required:...