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1and 2 please Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of each bike.
1and 2 please
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 $346,800 56,000 142,500 205,494 40,900 33,750 26,000 49,500 18,200 $919,144 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $11.81 per hour. 2. Determine the amount of applied overhead if 19,200 actual hours are worked in the upcoming year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 19,200 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar.)Step by Step Solution
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