Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3] Wheeler's Bike Company manufactures custom racing bicycles. The company uses a job order cost

image text in transcribed
image text in transcribed
image text in transcribed
E2-5 (Algo) Calculating Predetermined Overhead Rate and Applied Overhead (LO 2-3] 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 $ 342,880 61,500 136,000 213,675 37,900 38,25e 27,500 49,00 25,280 $923,825 Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour 2. Determine the amount of applied overhead if 18.700 actual hours are worked in the upcoming year. Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour. 2. Determine the amount of applied overhead if 18.700 actual hours are worked in the upcoming year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour. (Round your answer to 2 decimal places:) Predetermined Overhead Bale per DL Hour Required 2 > Required: 1. Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour 2. Determine the amount of applied overhead if 18.700 actual hours are worked in the upcoming year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the amount of applied overhead if 18.700 actual hours are worked in the upcoming year. (Round your intermediate calculations to 2 decimals. Round your final answer to the nearest whole dollar) Applied Overhead

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

Question

6. Identify seven types of hidden histories.

Answered: 1 week ago

Question

What is human nature?

Answered: 1 week ago