Question
Convert Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production At the beginning of the year, Hallett Company estimated the following: Assume
Convert Departmental Data to Plantwide Data, Plantwide Overhead Rate, Apply Overhead to Production At the beginning of the year, Hallett Company estimated the following:
Assume that Hallett has decided to use a plantwide overhead rate based on direct labor hours. Actual data for the month of June are as follows:
1. Calculate the predetermined plant wide overhead rate. Round your answer to the nearest cent, $?????per direct labor hour
2. Calculate the overhead applied to production for the month of June. Use an overhead application rate that is rounded to the nearest cent in your calculations, and round your final answer to the nearest dollar. $ ?????
3. Calculate the overhead variance for the month of June. $?????.
Overhead Direct labor hours Machine hours Cutting Department Sewing Department Total $248,000 $350,000 $598,000 31,200 100,000 131,200 150,000 150,000 Overhead Direct labor hours Machine hours Cutting Department $20,610 2,800 13,640 Sewing Department $35,750 8,600 Total $56,360 11,400 13,640
Step by Step Solution
3.32 Rating (146 Votes )
There are 3 Steps involved in it
Step: 1
Req 1 Predetermined Oh rate per DLH Total Overheads 598000 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started