Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 & 2 please with work or guidance to help understand Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the
1 & 2 please with work or guidance to help understand
Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $672,000 of overhead costs and $560,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the information on the following job cost sheet, determine the total cost of the job. (Round your answers to the nearest dollar amount.) Job No: 13-56 JOB COST SHEET Customer's Name: Keiser Co. Job Description: 5 plasma monitors-61 inch Direct Materials Direct Labor Date Requisition No. Amount Time-Ticket No. Amount Overhead Total Cost Costs Applied 4-129 $ $ 640 Mar. 8 Mar. 11 4-142 4-167 3,000 T-306 6,850 T-432 3,800T-456 1,270 1,300 Mar. 18Step by Step Solution
There are 3 Steps involved in it
Step: 1
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