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any amount that you can do will be very helpful. 1 bits Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of
any amount that you can do will be very helpful.
1 bits Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $542,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour Harris's actual manufacturing overhead cost for the year was $706,946 and its actual total direct labor was 34,500 hours Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) S02721 Preetmined overhead rate per DLH eBook Hint Print References 2 2 points Luthan Company uses a plantwide predetermined overhead rate of $23.50 per direct labor hour. This predetermined rate was based on a cost formula that estimated $282,000 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor hours The company incurred actual total manufacturing overhead cost of $266,000 and 11.200 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to all jobs during the period Manufacturing overhead applied 8 03:57:32 calco Hent Print References 3 Mickley Company's plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $11.00 per hour. The following information pertains to Job A-500 points $ 290 Direct material Direct labor 802554 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) oflook 1 Total manufacturing cost 2 Unit product cost Hint perunt Print References 4. 2 points Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $18.00 per direct labor-hour and $14.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N-60: Testing Assembly Packaging Direct materiali $ 370 $37 Direct labor $ 150 $70 03:56:39 eBook Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) 1. Total manufacturing cost 2. Unit product cost Print per unit 7 3 points Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,300 for direct materials. 58.100 for direct labor, and $4,860 for overhead on its job cost sheet Job W which is still in process at year-end, shows charges of $4,300 for direct materials and $5.300 for direct labor, Required: 10. Should any overhead cost be applied to Job Wat year-end? 8 000 Yes No 800 1b. How much overhead cost should be applied to Job W? Print Overhead cost References 2. How will the costs included in Job W's job cost sheet be reported within Sigma Corporation's financial statements at the end of the year? Raw Materials Work in Process Finished Goods Step by Step Solution
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