Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Baptiste Acoounting Services expecis its accountants to work a total of 33,000 direct labor hours por year. The company/s estimaled total indrect cosis are $151,000.

image text in transcribed
image text in transcribed
image text in transcribed
Baptiste Acoounting Services expecis its accountants to work a total of 33,000 direct labor hours por year. The company/s estimaled total indrect cosis are $151,000. The direct labor rase is $105; hour. The compary uses direct labor hours as the allocation base for indirect costs. If Baptisle performs a job requiring 50 hours of direct labor and bills the cliont using a standard markup of 40% o costs, calculale the amount of the clent's bill, (Round any intermed ale calculations to the nearest cont, and your final answer to the nearest doliac) A. $2,102 B. $7,671 C. $210,000 D. 55,250 Zepiryros Corporation had estimated manufacturing overhead costs for the coming year to be $311,000. The total estimated sirect labor hours and machine hours for the coming year are 8.000 as 11,000, respectively. Manufacturing coverhead costs are allocated based on direct labor houls. What is the predelermined overhead allocation rate? (Round your answer to the nearest cant.) A. $38.88 per direct labor hour 8. $1.38 per machine hour c. $16.37 per direct labor hour D. $28.27 per machine hour Soal Financial Advisors provides accounting and finance assistance to customers in the retail buisiness. Seal has four protessionols on staff and an offce with six clerical stalf, Total compensatif number. Tha total office and administrative costs for the year are $754,000. Seal alocates office and administrative costs to tients monthy, using a predetermined overtiead alocation rate base bilable hours. What is the predetermined overhead allocotion rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A. 516.70 per hour B. $70.62 per hout C. $93.09 per hour D. $22.47 per hour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions