Predetermined overhead rate = Estimated overheads/Estimated labor hours + variable rate | |
=273000/35000 + 3 | |
10.8 | per hour |
Calculation of Selling price | |
Direct Material | 500 |
Direct labor cost | 6,900 |
Overhead | 2,700 |
Total cost | 10,100 |
Mark up | 2,020 |
Selling price | 12,120 |
Mcewan Corporation uses a job order costing system with a single plantwide predetermined overhead rate based...
Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 38,000 direct labor-hours, total fixed manufacturing overhead cost of $250,800, and a variable manufacturing overhead rate of $2.40 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours...
Mcewan Corporation uses a Job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 23.000 direct labor-hours, total fixed manufacturing overhead cost of $170.200, and a variable manufacturing overhead rate of $5.00 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours...
Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 21.000 direct labor-hours, total fixed manufacturing overhead cost of $163,800, and a variable manufacturing overhead rate of $3.30 per direct labor-hour Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours...
Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 38,000 direct labor-hours, total fixed manufacturing overhead cost of $243,200, and a variable manufacturing overhead rate of $5.00 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor hours:...
Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 45,000 direct labor-hours, total fixed manufacturing overhead cost of $315,000, and a variable manufacturing overhead rate of $3.80 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours 300...
Help Save 8 Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor- hours. The company based its predetermined overhead rate for the current year on 48,000 direct labor-hours, total fixed manufacturing overhead cost of $307,200, and a variable manufacturing overhead rate of $2.80 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:...
Item 6 Item 6 Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 21,000 direct labor-hours, total fixed manufacturing overhead cost of $163,800, and a variable manufacturing overhead rate of $3.30 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:...
33 Mcewa Corporation uses a job order costing system with a single plantwide predetermined overhead rate based on direct labor hours. The company based its predetermined overhead rate for the current year on 38.000 direct labor-hours, total fored manufacturing overhead cost of $250,800, and a variable manufacturing overhead rate of $2.40 per direct laber-hour Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data 1...
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 94,000 Total fixed manufacturing overhead cost $404,200 Variable manufacturing overhead per direct labor-hour $ 4.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 50 Total direct labor-hours 100 Direct materials $ 660 Direct labor cost $9,400 The...
Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $442,500, variable manufacturing overhead of $2.50 per machine-hour, and 59,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed: Number of units in the job 10 Total machine-hours 80 Direct materials $ 870 Direct labor cost $ 1,740 If...