Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you please slove this problem step by step? thank you Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct

can you please slove this problem step by step?

thank you

image text in transcribedimage text in transcribed
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct laborhours. At the beginning of the year, it estimated that 20,000 direct laborhours would be required for the period's estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Luthan Company uses a plantwide predetermined overhead rate of $23.40 per direct laborhour. This predetermined rate was based on a cost formula that estimated $257,400 of total manufacturing overhead cost for an estimated activity level of 11,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $249,000 and 10,800 total direct laborhours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to alljobs during the period

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

Recommended Textbook for

Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

24th Edition

0538475005, 9780538475006

More Books

Students also viewed these Accounting questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago